[Edaily Reporter Shin Ha-yeon ] #Knowmerce Corp., a company specializing in artist intellectual property (IP) solutions, has completed the acquisition of treasury stock totaling 3 billion won and is set to cancel those shares to strengthen shareholder returns.

Knowmerce Corp. announced on the 8th that it has completed the repurchase of its own shares totaling 3 billion won this year and has decided to cancel 176,570 of those shares.

Since March, the company has acquired a total of 231,188 treasury shares—137,999 shares through direct purchase and 93,189 shares via a trust agreement. This represents approximately 2.1% of the total issued shares.

The company plans to cancel a portion of the acquired treasury shares in stages; once the cancellation is complete, the number of issued shares will decrease by approximately 1.6%. Since this cancellation applies to treasury shares acquired within the scope of distributable profits, there will be no change in the company’s capital stock.

Meanwhile, Knowmerce Corp. is accelerating growth in its core business alongside its shareholder return policy. The company is expanding its subscription-based revenue through its global fan platform “fromm,” and has recently begun a full-scale push into the Chinese market by entering major Chinese app stores and securing local artist IP.

Fromm China operates on WeChat Mini Programs (WMP) and local Android app stores, and has improved accessibility by integrating local payment systems such as WeChat Pay and implementing a user interface (UI) and user experience (UX) tailored to the Chinese user environment.

The company has secured a diverse range of local IP, including actor Jeong Ye-cheong, as well as artists from Chinese audition programs and major entertainment agencies. Recently, major Korean artists such as Seong Han-bin, Taemin, and Ong Seong-wu have also joined the platform one after another, expanding its global fanbase.

Along with stable earnings growth, the company plans to continue expanding its shareholder-friendly policies in line with the government’s initiatives to modernize the capital market and strengthen shareholder returns.

Knowmerce Corp. official stated, “The acquisition and cancellation of treasury stock are intended to share the company’s growth achievements with shareholders and demonstrate our commitment to enhancing shareholder value,” adding, “We will continue to pursue shareholder-friendly policies based on stable financial performance.”

The representative added, “We also plan to review various measures for utilizing our treasury stock, prioritizing the enhancement of shareholder value as our top principle, to contribute to market confidence and increased corporate value.”