Neotis CEO Kwon Sanghoon Purchases Additional Treasury Shares, Signals "Commitment to Responsible Management"

Kwon Sanghoon, CEO of Neotis, a company specializing in ultra-precision machining, has expanded his ownership by purchasing additional company shares over four separate occasions this month.

On September 22, Neotis announced that CEO Kwon acquired an additional 3,352 treasury shares through on-market purchases from September 15 to September 21. As a result, his holdings increased from 1,779,376 shares to 1,782,728 shares, raising his ownership stake from 12.90% to 12.92%.

As the CEO is directly increasing his stake, the company’s main business, Micro Bit, continues to show growth. Micro Bit is an ultra-precision cutting tool used for printed circuit board (PCB) processing, and sales have been accelerating as demand for high-layer and high-density PCBs grows alongside the expansion of the artificial intelligence (AI) semiconductor market.

In fact, Micro Bit sales reached 22.9 billion won last year, a 42.2% increase from the previous year. Exports also surged 31.5 times during the same period, reaching 725 million won. In the first quarter of this year, Micro Bit sales continued this growth trend, increasing by 71% year-on-year.

Neotis is also considering expanding its production capacity to meet growing client demand. With both sales and exports of Micro Bit rising, expectations for record-high annual results are increasing.

The company stated that, as the AI semiconductor market drives demand for high-performance PCBs, it plans to continuously expand supply of related products.

A Neotis official said, “We are increasing Micro Bit supply to meet the rising demand for PCBs used in AI semiconductors, and will actively respond to client needs to continue our performance growth and enhance shareholder value through responsible management.”

With CEO Kwon’s additional share purchases and the strong growth of the Micro Bit business, Neotis is simultaneously pursuing expansion in production of its key products and improvement in performance.

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