Me2on and Ghost Studio Buy Back and Cancel Treasury Shares... Expectation for Corporate Value Reassessment

Global comprehensive entertainment company Me2on Group announced on the 18th that it plans to repurchase and cancel its treasury shares together with its subsidiary Ghost Studio as part of its shareholder return policy.

Me2on and Ghost Studio have each decided to repurchase and cancel treasury shares worth 2 billion KRW and 5.5 billion KRW, respectively.

This repurchase and cancellation of treasury shares is the first time Me2on has conducted such an action since its founding, and Ghost Studio, which has previously repurchased shares four times, will also carry out a full cancellation for the first time, demonstrating an active shareholder-friendly approach.

Son Chang-wook, Chairman of Me2on Group, stated, "We have decided to cancel all repurchased treasury shares to fulfill responsible management and enhance shareholder value." He added, "Through active IR activities, we will raise the currently undervalued corporate value," and "We will contribute to maximizing profitability through continuous innovation and growth by achieving results in the global K-content business."

Me2on Group, as a global comprehensive entertainment company through K-content, is actively expanding its IP business with its core subsidiary Ghost Studio, not only in games and webtoons but also in drama production and entertainment management.