[FNC Entertainment CEO and President Purchase 50,055 Shares of Own Stock... "Expect Upward Trend"]

*This content was translated by AI.

Following Kim Yu-sik (CEO), Han Seung-hun (President) purchased its own shares.

On the 30th, FNC Entertainment (FNC Entertainment, hereinafter FNC) announced that Han Seung-hun (President), a special relationship of the largest shareholder, purchased 29,687 shares of its common stock through the market.

The senior management team's successive purchases of treasury shares underscore their commitment to enhancing corporate valuation and responsible governance. Following Kim Yu-sik (CEO), the share buyback by Han Seung-hun (President) brings the total volume of treasury shares purchased by key executives this month to 50,065 shares.

Kim Yu-sik, CEO of FNC, stated, "Despite the trend of improving performance, we judge that the stock price is excessively undervalued due to supply and demand issues." He added, "We expect the stock price to gradually trend upward if operating profits expand and supply and demand conditions improve in the future."

Earlier, on the 20th, Kim Yu-sik (CEO) purchased 28,788 of its own common shares through an exchange.

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*This content was translated by AI.