Kimchon E&A Terminates Self-Share Acquisition Trust Agreement... Utilizing 226,555 Shares as RSU for Employee Compensation

Kimchon E&A (339770) announced the termination of its self-share acquisition trust agreement with Samsung Securities, effective July 15, 2026. The agreement, which expired on July 15, 2026, originally covered 100 million won in shares. The 226,555 shares acquired through the trust will be transferred to the company's securities account and designated as restricted stock units (RSU) for employee compensation, with distribution criteria to be determined by the board. The termination does not require board resolution under relevant legal provisions. As of December 2025, the company reported total assets of 377.5 billion won, net assets of 188.6 billion won, revenue of 517.4 billion won, and net income of 172 billion won. Its stock closed at 3,615 won on July 15, 2026, up 0.28% from the previous day.