APR CEO Kim Byung-hoon Acquires 3.2 Billion KRW Worth of Company Shares

Three Executives Including CEO Kim Purchase 12,100 Shares on Market
"Responsible Management and Enhancing Shareholder Value"

Kim Byung-hoon, CEO of APR, along with two other executives, has strengthened responsible management and enhanced shareholder value through the purchase of company shares.

APR announced on the 9th that three executives, including CEO Kim Byung-hoon, purchased company shares on the open market. According to the disclosure, CEO Kim purchased approximately 3.2 billion KRW worth of shares (a total of 11,000 shares) under his personal name.

APR office interior. [Photo by APR]

In addition to CEO Kim, Vice President Shin Jae-ha purchased 1,000 shares (about 300 million KRW), and Executive Director Jung Jae-hoon bought 100 shares (about 30 million KRW) on the open market. The total number of shares purchased by the management this time amounts to 12,100 shares, representing about 0.16% of the total issued shares.

This is the first time since APR’s listing on the KOSPI market in February this year that executives, including the CEO, have purchased company shares. Typically, executives’ purchase of company shares is regarded as a shareholder-friendly policy aimed at practicing responsible management through increasing their equity stake and enhancing shareholder value. APR explained that the background for this share purchase includes the management’s commitment to shareholder-friendly policies, responsible management, and confidence in future growth.

An APR representative stated, "This purchase of company shares by the management was made based on individual decisions, and our executives are confident in the company’s stable performance and future value," adding, "We will continue to pursue mutual growth through business performance and shareholder-friendly management."

Meanwhile, APR recorded sales of 148.9 billion KRW and an operating profit of 27.8 billion KRW in the first quarter of this year. These figures represent increases of 21.9% and 19.7%, respectively, compared to the same period last year. Additionally, APR introduced the new product 'Ultratune 40.68,' opened the APR Factory Pyeongtaek 2nd Campus, and has begun actively supplying beauty devices overseas.