East Asia ST advances 51 billion KRW stock cancellation and non-taxable dividends

East Asia ST has decided to cancel half of its treasury shares to enhance shareholder value. A total of 84,058 shares will be canceled, amounting to approximately 5.1 billion Korean won. This decision is expected to be implemented after approval by the shareholders’ meeting.

Meanwhile, the company has proposed a special dividend distribution plan to reduce shareholders’ tax burden. To promote capital reduction distribution, it plans to submit a “Capital Reserve Reduction and Transfer to Retained Earnings” proposal at the regular shareholders’ meeting. If approved, shareholders will be eligible for tax-exempt dividends starting from this fiscal year’s dividend payout. This appears to be a way for the company to provide direct and substantial benefits to shareholders.

Additionally, East Asia ST has decided to implement a cash dividend of 700 Korean won per common share and a stock dividend of 0.05 shares this month. These measures demonstrate the company’s active efforts to strengthen trust with shareholders and enhance corporate value.

East Asia ST’s decision, as part of shareholder return initiatives, focuses on improving shareholder relations and continuously increasing corporate value. The market will closely watch how such strategies will impact the capital market in the future. In particular, this move is viewed as an action by East Asia ST to strengthen long-term competitiveness through a solid financial structure.