Shinsegae Value Up Disclosure... "More than 200,000 shares of treasury stock are burned every year for three years."

Shinsegae has announced a plan to raise corporate value, which includes burning more than 200,000 shares of its own shares every year over the next three years.

Shinsegae and its affiliated listed affiliates held a board meeting today (27th) and announced their plans to achieve 10 trillion won in consolidated sales by 2030.

Following buying 150 billion won worth of treasury stocks this year, Shinsegae plans to increase shareholder value by incinerating 2% and 200,000 shares every year over the next three years.

In addition, the minimum dividend per share will be raised from 3,500 won to 4,000 won next year.

In addition, it said it would gradually expand its dividend per share by more than 30% by 2027.