[Edaily Reporter Kim Ah-reum] Hanssem, a comprehensive home interior specialist, announced on the 9th that it has disclosed a mid- to long-term shareholder return policy that combines quarterly dividends with the repurchase of treasury stock.

Hanssem unveiled a mid-to-long-term shareholder return policy centered on setting June 30 as the record date for the second-quarter dividend, signing a trust agreement for the repurchase of treasury stock totaling 50 billion won, and setting a target shareholder return rate of 50% or higher.

This policy was established to enhance shareholder value from a mid-to-long-term perspective, rather than through one-time shareholder returns, based on the assessment that the current stock price is undervalued relative to the company’s potential, intrinsic business value, and asset size. The company has established a new metric—a shareholder return ratio combining “cash dividends” and “share buybacks”—with the goal of returning at least 50% of net income adjusted according to specific criteria. This policy aims to accommodate the diverse interests of shareholders, including those seeking immediate dividends and those seeking to enhance long-term investment returns.

The record date for the second-quarter cash dividend has been set for June 30. The scheduled payment date and dividend per share have not yet been determined. Hanssem is determining dividends by strictly considering comprehensive financial conditions, including cash and cash equivalents, liquidity, debt repayment and investment plans, retained earnings, and legal restrictions.

Additionally, to enhance shareholder value, Hanssem plans to acquire a total of 50 billion won worth of treasury stock through Shinhan Investment Securities by December. Both the treasury stock currently held and the newly acquired shares will be canceled in strict compliance with relevant laws and regulations, including the recently revised Commercial Act and Capital Markets Act.

A Hanssem official stated, “This policy reflects our commitment to substantially enhancing shareholder value by proactively purchasing additional treasury shares while the stock is undervalued, based on our assessment that the current stock price is significantly undervalued relative to the company’s intrinsic value.” The official added, “We will continue to practice responsible management that prioritizes shareholder value and maintain ongoing communication with the market.”