"Strengthening Responsible Management" Park Mun-seo, CEO of Dongwon Industries, Purchases 5,000 Shares of Company Stock

"Commitment to Enhancing Corporate Value and Shareholder Value"

Dongwon Industries announced on the 23rd through a disclosure that Park Moon-seo, CEO of the holding division, purchased 5,000 shares of the company's stock as part of responsible management.

The company explained that Park's recent stock purchase reflects confidence in the growth potential of Dongwon Industries, the holding company of Dongwon Group's businesses, and a strong commitment to enhancing corporate and shareholder value. This is Park's second stock purchase, following the acquisition of 2,500 shares in July last year, bringing his total holdings to 7,500 shares.

Dongwon Group has established a stable and diversified business portfolio including fisheries, food, materials, and logistics. Since this year, it has been fully operating the smart port 'Dongwon Global Terminal Busan (DGT)' and is focusing all efforts on solidifying future growth engines such as secondary battery materials with high growth potential. Last month, the management uncertainty was also resolved as the price-fixing case involving its U.S. subsidiary StarKist was finally settled through a civil agreement.

Along with the top management's stock purchases, Dongwon Industries is implementing shareholder-friendly policies such as treasury stock cancellation. Min Eun-hong, CEO of the business division, and Kim Joo-won, chairman of the board, also purchased 2,000 and 3,400 common shares respectively last year. Following the cancellation of 3.5 million treasury shares, equivalent to 7% of total issued shares, in August last year, Dongwon Industries actively pursued shareholder returns by canceling all remaining 10,460,770 treasury shares in May this year.

A Dongwon Industries official stated, “We are practicing shareholder value enhancement through all available means, including management’s stock purchases,” and added, “We will continue to accelerate active investments such as mergers and acquisitions to drive the sustainable growth of Dongwon Group.”