Jungwon ENSYS Acquires Full Daily Limit of Treasury Shares on First Day, Accelerating Shareholder Returns

Jungwon ENSYS has accelerated its shareholder return policy by reaching its maximum legally allowed daily buyback limit on the very first day of purchasing its own shares. The company plans to cancel all repurchased shares to enhance both corporate and shareholder value.

Jungwon ENSYS, a KOSDAQ-listed IT infrastructure specialist, announced on July 28 that it had begun direct on-exchange buybacks alongside the commencement of its share repurchase on July 27, acquiring the full daily maximum of 115,606 shares as permitted by law.

Acquiring the entire daily allowable amount from the very first trading day is seen as evidence of the company's intention to execute its share buyback and cancellation plan swiftly.

Previously, on July 23, Jungwon ENSYS held a board meeting and resolved to buy back a total of KRW 1 billion worth of shares on the open market through NH Investment & Securities over approximately three months, until October 26, and to cancel the entire amount thereafter. This decision was duly disclosed.

The company indicated that it still has significant buying capacity left compared to the total planned repurchase amount after the initial day's purchase. It plans to continue its share buyback based on future market conditions. By executing both the buyback and subsequent cancellation, the company expects to raise per-share value and reinforce market trust.

A Jungwon ENSYS representative said, "Even with stable results, including annual sales of KRW 200 billion and three consecutive years of operating profit, the company’s value is not sufficiently recognized compared to its intrinsic worth. Fulfilling the daily repurchase limit on the first day underscores management’s strong commitment to increasing shareholder value."

The spokesperson added, "After completing the share buyback, we intend to fully cancel all reacquired shares. We will also continue to expand performance in new growth areas such as Artificial Intelligence Data Centers (AIDC) to further increase both corporate and shareholder value."

This share buyback, carried out at full legal capacity from the first day, clearly demonstrates the company’s commitment to shareholder returns. The planned share cancellation and new growth business expansion are anticipated to serve as catalysts for the company’s value reevaluation.

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