Namyang Dairy Products to Acquire Additional Treasury Shares Worth 20 Billion KRW

Namyang Dairy Products held a board meeting on the 18th and announced the decision to repurchase treasury shares worth a total of 20 billion KRW. This is part of the strategy to enhance shareholder value and strengthen responsible management pursued since the change of the largest shareholder last year.

A Namyang Dairy Products official stated, "Since the change of management rights last year, we have continuously made various efforts to enhance shareholder value in accordance with the principles of responsible management," adding, "We plan to continue promoting sustainable growth and strengthen shareholder-friendly policies."

Previously, Namyang Dairy Products repurchased treasury shares twice last year and canceled shares worth 43.2 billion KRW. In October of the same year, a stock split was carried out to increase shareholder liquidity by reducing the par value from 5,000 KRW to 500 KRW.