[Official] FNC, CEO and president among special related parties... Relayed buyback of own shares

*This content was translated by AI.View Original

Entertainment agency FNC Entertainment (hereinafter FNC) has launched a share purchase initiative that now includes the special related party of its largest shareholder.

On the 25th, FNC announced that Han Bo-hyun, a special related party of the largest shareholder, purchased 22,200 ordinary shares on the market.

Recently, FNC has been actively working to recover its undervalued stock price based on confidence in its medium- to long-term growth. Following last month's purchase of a total of 55,650 own shares by Kim Yu-sik (CEO) and Han Seung-hun (President), the company is now continuing the relay buyback trend with participation from the special related party of the largest shareholder.

Company officials explained that this share purchase reflects positive expectations for future performance recovery and the company's growth potential. The company's consolidated revenue for the first half of this year was 49.3 billion won, representing an increase of approximately 30% compared to the same period last year.

Kim Yu-sik, CEO of FNC, stated, "As the company enters a full-fledged growth phase, internal confidence in future performance improvement and an increase in corporate valuation is growing. Based on this confidence, not only key executives but also the special related party of the largest shareholder have taken steps to purchase company shares."

He added, "We will do our best to focus on improving performance in the second half based on the active activities of major artists, aiming to achieve a turnaround to operating profit profitability in 2026 and reach the highest operating profit in the company's history by 2027."

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*This content was translated by AI.View Original