Dong-seon Kim tenders additional 4% of Hanwha M&S common stock... 27 billion won

Dong-seon Kim, President of Hanwha M&S's Future Strategy Division, is making a tender offer for additional Hanwha M&S shares.

This is a follow-up measure following the failure to meet the target volume in the tender offer conducted last month.

According to the Financial Supervisory Service's Electronic Disclosure System on the 9th, President Kim will make a tender offer for 3.38 million shares of Hanwha M&S common stock from this day to the 30th. The purchase price is 8,000 won per share, and the purchase price is approximately 27 billion won.

President Kim purchased 22,975,541 shares of common stock in the first public offer conducted from the 12th of last month to the 2nd of this month. Although it fell short of the original target volume of 26.203 million shares, this increased the individual's shareholding to 32.99%, making him the largest shareholder.

The share of common stock including specially related persons is 75.51%.

President Kim explained that this tender offer is intended to strengthen responsible management and increase shareholder value by acquiring additional shares similar to the amount not secured in the existing tender offer. He also added that the purpose of the tender offer is to protect minority shareholders and provide additional selling opportunities following the recent plunge in the stock market.

If this tender offer is completed as planned, President Kim's shareholding will increase to 36.99%, and the shareholding including related parties will increase to 79.51%.