Hanssem to Buy Back 50 Billion Won in Treasury Shares... Announces Mid- to Long-Term Shareholder Return Policy

Cash Dividend Based on June 30 Record Date

500 Billion Won Share Buyback Planned by December

Hanssem has unveiled a mid- to long-term shareholder return policy, which includes quarterly dividends and share buybacks.

Hanssem CI

On June 9, Hanssem announced its mid- to long-term shareholder return policy, which consists of entering into a trust agreement to acquire treasury shares worth 50 billion won, setting a target shareholder return rate of at least 50%, and designating June 30 as the record date for determining shareholders eligible for the second quarter dividend.

Hanssem stated that it implemented this policy from a mid- to long-term perspective to enhance shareholder value, judging that the company’s current stock price is undervalued compared to its potential, intrinsic business value, and asset size.

The company plans to establish a new indicator, the shareholder return rate, which combines both “cash dividends” and “share buybacks,” committing to return at least 50% of separate adjusted net profit. The company aims to accommodate the diverse interests of shareholders, including those seeking immediate dividends and those pursuing long-term investment gains.

June 30 has been set as the record date for shareholders eligible for the second quarter cash dividend. The payment date and the amount of dividends per share have not yet been determined. Hanssem is proceeding with the dividend, taking into account comprehensive financial conditions such as cash and liquidity, repayment of borrowings and investment plans, retained earnings, and legal restrictions.

To enhance shareholder value, Hanssem plans to newly acquire treasury shares totaling 50 billion won through Shinhan Investment Corp. by December. Both the currently held and newly acquired treasury shares will, in principle, be retired in accordance with recently revised relevant laws such as the Commercial Act and Capital Markets Act.

A Hanssem official stated, “This policy reflects our intention to proactively repurchase additional treasury shares during a period of undervaluation and thereby substantially enhance shareholder value,” adding, “We will continue to practice responsible management with shareholder value as our top priority and maintain ongoing communication with the market.”

This content was produced with the assistance of AI translation services.