Hyundai Elevator decides to dispose of 144,253 treasury shares to compensate employees.

Hyundai Elevator disclosed that it decided to dispose of 144,253 treasury shares to pay 2,671 employees on October 16, 2026. The company said the disposal follows the 2026 wage agreement it signed with the labor union and will be carried out within the scope approved at the 42nd regular shareholders' meeting on March 26, 2026. The planned disposal amount is KRW 10 billion, and the planned disposal period runs from October 19, 2026 to November 13.

1. 01

   The company said it decided on the disposal to pay treasury shares to employees under the terms of the 2026 wage agreement.

2. 02

   The share price for the disposal is based on the KRX closing price on the day before the board resolution date, October 15, 2026, at KRW 69,200.

3. 03

   The company said the shares equal 0.369% of total issued shares (39,092,385 common shares), and that it therefore judges the dilution effect on share value to be minimal.

4. 04

   The actual number of shares and amount disposed of may change depending on changes in the number of eligible employees as of the disposal date and the closing price on the disposal date. The company advises investors to check the final details in the treasury share disposal result report.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Planned shares to be disposed of

144,253 shares

Share price for disposal

KRW 69,200

Planned disposal amount

KRW 10 billion (KRW 10 billion, or about KRW 10 billion in short form)

Planned disposal period

October 19, 2026 ~ November 13, 2026

Treasury shares held before disposal

2,987,323 shares (holding ratio 7.6%)

Counterparty to disposal

2,671 employees of the company

Filing facts

Filing type

Treasury Share Disposal

Report name

Decision on Treasury Share Disposal

Filed

Oct 16, 2026

Receipt number

20261016000390