Welkips Hightech Major Shareholder Buys 516,000 Shares on Market... "Will Practice Responsible Management and Enhance Shareholder Value"

The largest shareholder of Wellkips Hightech, a KOSDAQ-listed company (CEO Park Ki-tae), has started purchasing its own shares on the open market.

According to the Financial Supervisory Service's electronic disclosure system on the 19th, Wellkips Holdings, the largest shareholder of Wellkips Hightech, bought a total of 516,039 common shares on the open market over 9 trading days from the 7th to the 18th. The acquisition price per share ranged from 615 to 713 KRW. The total shares owned amount to 10,686,327, increasing the stake by 1.44% to 39.38%.

Wellkips Holdings previously purchased 43,068 shares (average price 932 KRW) on the open market in 2023, and this recent acquisition is approximately 12 times that amount.

A representative of Wellkips Hightech stated, "This reflects the largest shareholder's commitment to responsible management," adding, "We understand there is a strong intention to prove the company's sustainable future growth potential and to enhance the damaged shareholder value by continuously exploring and implementing various measures, including ongoing open market purchases."