Hanwha Corporation Holds Meeting with Individual Shareholders, Expresses Commitment to Building Shareholder Trust

Over 50 Individual Shareholders Attend Hanwha Corporation Meeting
Explaining Strategies to Resolve the "Conglomerate Discount"

On January 21, Hanwha Corporation held a meeting for individual shareholders at the headquarters of NH Investment & Securities in Yeongdeungpo-gu, Seoul, where it shared the purpose of its recently announced spin-off, future corporate vision, and plans to enhance shareholder value.

Hanwha Building, Jung-gu, Seoul. The Asia Business Daily DB

This meeting was organized to help individual shareholders better understand the spin-off, which was resolved by Hanwha Corporation's board of directors on January 14, and to strengthen communication and build shareholder trust. About 50 individual investors attended the meeting.

At the meeting, Hanwha Corporation identified the core purpose of the spin-off as resolving the "conglomerate discount" through optimization of its business portfolio. The company aims to clarify the business identities of the surviving and newly established entities, and to induce a market revaluation by optimizing strategies and investments for each business group.

Han Sangyun, Executive Vice President in charge of IR at Hanwha Corporation, explained, "As a conglomerate, we have not been fully recognized for our value in the market, but we expect that this spin-off will allow the value of our subsidiaries to be properly reflected."

During the meeting, Hanwha Corporation once again emphasized its commitment to expanding shareholder return policies. The company reiterated its intention to implement the shareholder return policies announced at the time of the spin-off, including the cancellation of all 4.45 million treasury shares (excluding those allocated for employee performance compensation) and the establishment of a minimum dividend per share (DPS) of 1,000 won for common shares. Hanwha Corporation also stated that it would consider further increasing dividends in the future, taking into account the growth of its subsidiaries.

A representative from Hanwha Corporation stated, "We will continue to strengthen transparent management and ongoing communication with shareholders, and do our best to ensure the company is properly valued in the market." Following this meeting, Hanwha Corporation plans to further enhance shareholder communication by holding additional meetings for overseas investors in locations such as Hong Kong and Singapore.