CI Tech Completes 1 Billion Won Treasury Share Buyback...To Enhance Shareholder Value Through Full Retirement

CI Tech, an AI healthcare platform company led by CEO Kim Daeyoung, has completed the acquisition of treasury shares worth 1 billion won in an effort to stabilize its stock price and enhance shareholder value. The company plans to retire all of the acquired treasury shares through a profit-based cancellation following a future resolution by the board of directors.

On June 23, CI Tech announced that it had successfully completed the 1 billion won treasury share buyback, which had been disclosed through a board resolution on June 1.

All of the treasury shares acquired this time are scheduled to be cancelled. The retirement of treasury shares is a representative shareholder return policy that increases earnings per share (EPS) by reducing the number of shares outstanding. This reduction in the number of shares in circulation is expected to improve the per-share value for existing shareholders.

In particular, the profit-based cancellation method is conducted within the scope of legally distributable profits without reducing capital, and is evaluated as a means of enhancing shareholder value without burdening the company's financial structure.

A company official stated, "Announcing the upcoming cancellation following the completion of the treasury share acquisition is a responsible decision by management to dispel market concerns and fulfill promises made to shareholders," adding, "We will actively implement shareholder return policies using the company's available resources and continue reliable management to restore corporate value."

Centered on its '2026 New Vision' announced earlier this year, CI Tech is pursuing a growth strategy focused on technological innovation and the expansion of its global network. The company aims to strengthen its competitiveness by securing future growth engines and upgrading its business portfolio.

In particular, AI technology is cited as the key growth driver that will lead to a re-evaluation of corporate value. CI Tech recently won an award at a global AI competition for its 'noise environment speech recognition AI technology' and has also applied for a patent related to an 'AI model for simultaneous prediction of major chronic diseases,' thereby establishing its own competitive edge in AI technology.

The company is leveraging these AI algorithm capabilities to expand its AI healthcare platform business. By integrating AI technology into its existing smart ward solutions, CI Tech is upgrading real-time patient monitoring systems tailored to individual needs and is shifting its business model beyond simple hardware supply to become a high value-added medical platform company.

The company is also accelerating efforts to strengthen its existing business competitiveness. Following the absorption-type merger with KEVIC, a specialist in audio and broadcasting systems, CI Tech has seen improvements in cost structure and operational efficiency, and is working to expand its competitiveness in the public procurement (B2G) market.

HiFi ROSE, a global premium audio brand, is strengthening its global brand presence by expanding its high-end product line and diversifying overseas sales channels in 40 countries across North America, Europe, and other regions.

In addition, the company is maintaining an efficiency-focused operational system for its existing infrastructure businesses, such as smart kiosks, and is pursuing enhanced management efficiency and advanced production management through the construction of a new group headquarters and the integration of the Seongnam factory in the Sinchon district of Seongnam.

Kim Daeyoung, CEO of CI Tech, emphasized, "The completion of the treasury share acquisition and the announcement of the upcoming cancellation demonstrate our commitment to keeping promises made to shareholders and our resolve for responsible management," adding, "We will continue to enhance the intrinsic value of the company through expanded synergies from the KEVIC merger, global technological innovation, and the advancement of our AI healthcare platform."

CI Tech plans to pursue both shareholder return through the retirement of treasury shares and the expansion of new businesses centered on its AI healthcare platform, aiming to enhance corporate value over the medium to long term.

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