SUN&L, Retires Approximately 540,000 Treasury Shares to Enhance Shareholder Value

*This content was translated by AI.

- Board resolution approves retirement of 544,785 common shares...Book value amounts to approximately 2.8 billion won

- First concrete step taken after public disclosure of corporate valuation enhancement plan...Strengthening responsible management

Global lifestyle beauty packaging company SUN&L (SUN&L Co., Ltd.·002820) announced on the 15th that it completed the retirement of 544,785 previously acquired treasury shares on the 14th to restore shareholder value and market trust.

The retired shares are common shares previously acquired and held by the company, with a book value as of the board resolution date reaching approximately 2.8 billion won (2,796,379,721 won).

This share retirement was conducted in accordance with the proviso of Article 343, Paragraph 1 of the Commercial Act. It is a method that reduces only the number of outstanding shares by offsetting retained earnings and treasury shares on the books without reducing statutory capital. Accordingly, SUN&L's total issued shares will decrease from 12,607,989 shares before retirement to 12,063,204 shares after retirement, and market reflection of the reduced share count is scheduled to be implemented through a change in listing status in early August.

As only the total number of issued shares decreases without changes to capital or net assets, the per-share value (EPS, BPS, etc.) held by existing shareholders can serve as an indicator for improving per-share value metrics.

The market is evaluating this treasury share retirement as a positive signal, viewing it as the first concrete step taken to translate last month's publicly disclosed 'corporate valuation enhancement plan' into action.

A SUN&L (SUN&L) official stated, "This decision to retire treasury shares reflects our strong commitment to responsible management that prioritizes enhancing shareholder value following the public disclosure of the value-up program plan," and added, "Going forward, we will continue to steadily raise corporate valuation through an active shareholder return policy, not limited to one-time measures."

SUN&L is a representative packaging specialist company in Korea, founded in 1959 with Seonchang Industry as its origin. Beyond simple container manufacturing, it provides innovative packaging solutions that capture customers' beauty and value. Furthermore, the company continues to pursue sustainable growth by implementing its corporate mission: "Creating beautiful lives for humanity through value technology and building a warm world through active social contribution."

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*This content was translated by AI.