Jongryong Lim, Chairman of Woori Financial Group, Purchases 5,000 Shares... "Enhancing Corporate Value"

Share Buybacks Carried Out Amid Official Launch of Tongyang Life and ABL Life Integration
Executives, Including All Subsidiary CEOs, Join Chairman Lim in Acquiring Company Shares

Jongryong Lim, Chairman of Woori Financial Group, has demonstrated his commitment to enhancing corporate value by purchasing shares of his own company.

Jongryong Lim, Chairman of Woori Financial Group. Woori Financial Group

On September 2, Woori Financial Group announced that Chairman Lim acquired 5,000 shares of Woori Financial Holdings through on-market purchases on August 24.

This share buyback took place at a time when the group had just completed the procedure to make Tongyang Life Insurance a wholly owned subsidiary and officially confirmed the integration of Tongyang Life Insurance and ABL Life Insurance. Regarding this move, a Woori Financial Group representative explained, "Through Chairman Lim's purchase of company stock, we have once again demonstrated to the market our intention to enhance corporate value, based on securing growth momentum both in banking and non-banking sectors."

This year, Woori Financial Group has been focused on securing growth drivers in both its banking and non-banking divisions. Woori Bank had already executed 91% of its annual productive finance loan target in the first half of the year. In the non-banking segment, the group completed a capital increase for its securities arm in May and began integrating its life insurance subsidiaries last month.

In the second quarter, Woori Financial Group posted a net profit in the 1 trillion won range, marking a turnaround in performance. Amid this positive earnings trend, a total of 56 people—including Chairman Lim, CEOs of all 16 subsidiaries, and executives from the holding company, bank, and major subsidiaries—participated in the share buyback initiative.

A Woori Financial Group spokesperson stated, "The fact that the entire leadership, including Chairman Lim, participated in purchasing company stock is a clear expression of our commitment to responsible management and supporting the share price. We will faithfully implement our value-up plan, as promised to the market, by securing further growth momentum to resolve any undervaluation of our stock, and we will continue to meet shareholders' expectations for returns."

Meanwhile, Chairman Lim is scheduled to hold an investor relations (IR) meeting for European investors later this month, where he plans to directly explain Woori Financial Group’s profit-generating capabilities and future management direction.

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