HS Hwaseong Donates 3 Billion Won in Treasury Shares to Employee Welfare Fund... "Enhancing Benefits for 430 Employees"

HS Hwaseong (Chairman and CEO Lee Jongwon) is set to enhance its employee welfare benefits.

On July 1, HS Hwaseong changed its company name and CI for the first time in 66 years. At the regular board meeting held on the 13th, the company decided and approved the disposal of treasury shares to contribute to the in-house employee welfare fund. Following this board resolution, HS Hwaseong will contribute approximately 310,000 treasury shares, equivalent to about 3 billion KRW, to the in-house employee welfare fund.

HS Hwaseong Headquarters, Suseong-gu, Daegu

Since 1994, the fund's operating profits have been used to improve employee welfare and support cultural activities. With this additional contribution, HS Hwaseong will significantly expand the scale of the fund, enabling further improvements in employee welfare across a wider range of areas.

HS Hwaseong stated that, in addition to enhancing employee welfare, the company made this decision to recognize the hard work of its employees and to embark on a new journey toward the future with renewed determination, in line with the new company name and vision established this year.

Hong Youngam, Director of HR and General Affairs at HS Hwaseong, said, "Based on the newly established fund's profits, we will make greater efforts to strengthen the welfare of our approximately 430 employees. We plan to actively gather employees' opinions and utilize the fund in various areas, including support for childbirth encouragement, living stabilization funds, educational support, medical expense support, and cultural and leisure activity support."