Polaris Office, Affiliates and Executives Make Successive On-Market Purchases... "Reaffirming Confidence in Mid- to Long-Term Growth"

Affiliates and key executives of Polaris Office have demonstrated their commitment to responsible management and enhancing shareholder value by successively purchasing company shares through on-market transactions.

On July 6, Polaris Office announced that its affiliates and top management had recently acquired additional shares on the market, reflecting their confidence in the company's mid- to long-term growth potential and corporate value.

According to the Financial Supervisory Service's electronic disclosure system, affiliates Polaris AI and Polaris AI Pharma acquired 930,423 shares and 861,955 shares of Polaris Office, respectively, through on-market transactions. The total number of shares purchased by the two companies amounts to 1,792,381 shares.

Key executives also participated in the purchases. Chairman Cho Seongwoo and Vice Chairman Ji Junkyung acquired a total of 218,191 shares on the market as part of their commitment to responsible management. Following these transactions, the combined shareholding ratio of the largest shareholder and related parties increased to 32.07%.

The company explained that, although investment sentiment in the KOSDAQ market has weakened due to capital flows concentrating in certain large industries such as semiconductors, the voluntary purchases by affiliates and management were made based on the conviction that there has been no change in the company's business competitiveness or its mid- to long-term growth strategy.

Polaris Office is expanding its artificial intelligence (AI) document solutions and vertical AI business based on its office software. The company is also accelerating the establishment of an AI value chain in collaboration with group affiliates. Working with Polaris AI, Polaris AI Pharma, HandySoft, and others, Polaris Office is pursuing a strategy to apply AI technologies across a range of industries, including manufacturing, pharmaceuticals and biotechnology, public sector, and enterprise work environments.

The company emphasized that the recent on-market purchases are not intended for short-term stock price support, but rather to demonstrate to the market the growth potential of the group’s AI value chain centered on Polaris Office and the company's commitment to enhancing corporate value.

A representative from Polaris Office stated, "We believe that the recent share price trend is attributable more to the weakened investment sentiment across the KOSDAQ market and the concentration of funds in large-cap stocks, rather than to the company's business fundamentals or growth potential," and added, "Our strategies for expanding the AI business, technological convergence among affiliates, and performance-based growth are being executed as planned."

The representative continued, "The on-market share purchases by affiliates and management underscore our confidence in the mid- to long-term corporate value of Polaris Office and our commitment to responsible management. We will continue our efforts to enhance shareholder value and deliver tangible results."

This round of on-market purchases is interpreted as both affiliates and management directly increasing their stakes, thereby reaffirming to the market their confidence in Polaris Office’s growth potential and AI value chain strategy over the mid to long term.

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