Yeongpung to Cancel All Treasury Shares by March Next Year... 10-for-1 Stock Split Also Planned

Strengthening Communication with Shareholders
Pursuing Maximization of Corporate Value

Yeongpung has decided to cancel all of its treasury shares by March next year and increase liquidity through a 10-for-1 stock split.

Yeongpung announced on the 10th that it made this decision at a board meeting held on the 7th to enhance shareholder value. Yeongpung explained, "We plan to maximize shareholder value by canceling all treasury shares held by March next year," adding, "This measure is intended to block the possibility of using treasury shares for the private interests of specific shareholders and to ensure that benefits directly return to shareholders."

Yeongpung Headquarters. Asia Economy DB

Yeongpung also plans to increase stock liquidity by lowering the par value from the current 5,000 won per share to 500 won. This is expected to improve investment accessibility and have a positive impact on stock price appreciation.

In the long term, Yeongpung plans to continuously strengthen its shareholder return policy through ▲ normalization of the smelting business ▲ securing new growth engines ▲ expanding investment returns after regaining management rights of Korea Zinc ▲ cost reduction following the end of environmental investments in 2027. Additionally, it aims to achieve sales of 2 trillion won and an operating profit margin of 4.5% by 2033, and plans to implement a dividend policy that returns 30% of net income to shareholders.

Park Young-min, CEO of Yeongpung, said, "This value-up plan is a strategic decision not only to boost the stock price in the short term but also to increase corporate value in the long term and strengthen shareholder-friendly policies."