[Edaily Reporter Kwon Oh Seok ] #MOT Co.,Ltd., a global specialist in rechargeable battery assembly equipment, is set to retire its own shares to enhance shareholder value.

MOT Co.,Ltd. announced on the 4th that it has decided to cancel 294,660 common shares from its previously acquired treasury stock. The scheduled cancellation date is September 11, 2026. The shares to be canceled represent approximately 3% of the total issued shares, amounting to about 2 billion won.
This measure follows up on the approximately 3 billion won treasury stock purchase agreement signed last June. At that time, MOT Co.,Ltd. established a policy to use no more than one-third of the acquired shares for employee stock compensation and to cancel the remaining shares to maximize shareholder value and strengthen responsible management.
A company official stated, “We decided to cancel the treasury shares to solidify shareholder trust and maximize shareholder value,” adding, “Going forward, we will continue to secure orders based on our overwhelming technological competitiveness while maintaining sincere shareholder-friendly policies.”
MOT Co.,Ltd. is accelerating its entry into next-generation battery mass production lines, having shipped its first batch of 46-pai cylindrical battery assembly equipment last August.