SK Discovery Decides to Cancel 10 Billion KRW Worth of Treasury Shares to "Enhance Shareholder Value"

"Additional 20 Billion Purchase and Burn This Year"

SK Discovery announced on the 5th that it has decided to cancel approximately 11.5 billion KRW worth of treasury shares purchased last year.

The par value per share is 5,000 KRW, and the scheduled cancellation date is the 12th of this month.

This treasury share cancellation and purchase is in accordance with SK Discovery's shareholder value enhancement plan announced in July last year. At that time, SK Discovery decided to purchase and cancel treasury shares worth 60 billion KRW over three years from 2023 to 2025.

Additionally, SK Discovery announced on the same day that it has decided to enter into a trust contract with SK Securities for the acquisition of treasury shares worth 20 billion KRW. SK Discovery explained that the purpose of the trust contract is "to enhance shareholder value through stock price stabilization."

SK Discovery plans to cancel all shares purchased through the trust contract after the termination of the trust agreement.