Mirae Asset Securities to Buy Back and Cancel 10 Million Treasury Shares

Mirae Asset Securities announced on the 7th that it will repurchase and retire its own shares to enhance shareholder value.

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The shares to be acquired this time are 10 million common shares, which correspond to about 2.2% of the total outstanding shares. Mirae Asset Securities plans to complete the purchase on the stock market within three months from November 8 to February 7.

Additionally, Mirae Asset Securities plans to retire 10 million shares after completing the new treasury stock acquisition.

This decision is interpreted as focusing on enhancing shareholder value by meeting shareholders' expectations and increasing stock value as part of an intensified shareholder-friendly policy.

A representative of Mirae Asset Securities stated, "This decision reflects our commitment to doing our best to protect shareholder rights," and added, "We will continue to strive for co-growth with shareholders through consistent and predictable shareholder return policies."

In February this year, Mirae Asset Securities announced a shareholder return policy applicable for the next three years from 2024 to 2026. The policy has been strengthened compared to before, aiming to maintain a shareholder return ratio of at least 35% of adjusted net income, consisting of treasury stock repurchases and retirements as well as dividends.