[Edaily Reporter Hyera Lee ] Cheon Byeong-tae, Chairman of ALT Co.,Ltd.(172670), announced on the 6th that he had purchased approximately 100 million won worth of the company’s shares on the open market.

Chairman Cheon recently purchased 9,899 shares of ALT Co.,Ltd. stock for a total of approximately 100 million won. This purchase demonstrates management’s confidence in the company’s future growth potential and their commitment to responsible leadership.
Previously, President Lee Eun-cheol also purchased company shares last month. Over a three-day period starting on the 17th of last month, President Lee acquired an additional 3,000 common shares through open-market purchases. His total shareholding has increased from 3,000 to 6,000 shares.
ALT Co.,Ltd. is expanding its investment in test equipment to address the high-value-added semiconductor market, including artificial intelligence (AI), automotive semiconductors, and high-performance memory controllers. As demand for back-end semiconductor testing becomes increasingly sophisticated, the company is strengthening its related production infrastructure and customer response capabilities. This year, it is pursuing improved profitability through a recovery in testing demand from major customers and an expansion of the share of high-value-added products.
An ALT Co.,Ltd. official stated, “The management’s successive purchases of company stock are based on their confidence in ALT Co.,Ltd.’s growth potential,” adding, “We will strive to improve our financial performance and restore shareholder confidence by leveraging the technological expertise and production capabilities we have accumulated in the semiconductor back-end testing sector.”ㅁ