Samchully Decides to Cancel Treasury Shares Worth 56.5 Billion Won at Annual General Meeting

Samchully announced on March 20 that it held its 60th Annual General Meeting of Shareholders at its Yeouido headquarters and approved all six agenda items as originally proposed.

The agenda items presented at this shareholders' meeting included: ▲Approval of the 2025 financial statements and consolidated financial statements ▲Partial amendments to the Articles of Incorporation ▲Appointment of inside directors ▲Appointment of outside directors as audit committee members ▲Approval of the remuneration limit for directors ▲Approval of the plan for holding and disposing of treasury shares.

First, the consolidated results for the previous year were approved, with revenue of 5.2755 trillion won, operating profit of 159.6 billion won, and net profit of 131.3 billion won. The dividend per share was confirmed at 3,000 won, the same as the previous year.

Samchully Seoul Yeouido Headquarters

At this general meeting, Vice Chairman Yoo Jae-kwon was reappointed as an inside director, and President Jeon Young-taek was newly appointed, thereby ensuring both continuity and expertise in management. Kim Doin, Senior Advisor at Kim & Chang Law Office, was reappointed as an outside director and audit committee member. Among the amendments to the Articles of Incorporation, the title of 'Outside Director' was changed to 'Independent Director', and the provision excluding cumulative voting was deleted.

In particular, Samchully has decided to cancel 428,248 shares of its treasury stock (representing 10.6% of total issued shares) on March 31 to enhance shareholder value. The cancellation, amounting to approximately 56.5 billion won (based on the closing price on the day before the board resolution), is intended to boost per-share value. In addition, the remaining 202,752 treasury shares (5%) will be used for employee performance incentives and other purposes, further strengthening responsible management and solidifying a management policy that promotes mutual growth with shareholders.

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