DI Dongil, Additional Value-Up Through Complete Cancellation of Treasury Shares... "Complete Resolution of Market Concerns"

DI Dongil announced on the 22nd that it will burn all remaining treasury shares, following the announcement of a large-scale treasury share cancellation as part of corporate value-up on the 14th. The market value is approximately 87.7 billion KRW. This complete cancellation of all treasury shares is positively evaluated as it completely alleviates market concerns that treasury shares could be used to strengthen the controlling power of the largest shareholder.

DI Dongil decided to cancel 15% of treasury shares at the board meeting on the 14th, following a 5% cancellation last year, to enhance shareholder value, and on the 22nd decided to cancel all remaining treasury shares.

A DI Dongil official stated, “With this decision to cancel all treasury shares, we will expand shareholder returns and enhance shareholder value, and will continue various efforts to have the company’s proper value recognized in the market. We will do our best to become a company that grows and coexists with shareholders.”