T Scientific Decides to Cancel Treasury Shares

T Scientific announced on the 14th that it has decided to cancel 186,001 treasury shares.

The amount to be canceled is approximately 500 million KRW, and the scheduled cancellation date is the 28th of this month.

A T Scientific representative stated, "The treasury shares already acquired within the scope of distributable profits will be canceled by a board resolution, resulting only in a reduction in the number of shares without a decrease in capital stock," and added, "This treasury share cancellation is a decision to enhance shareholder value, and we will continue to actively and consistently work to improve shareholder and corporate value going forward."