Hyundai Muvex announced in a regulatory filing on the 6th that it will dispose of 90,000 treasury shares to pay employee bonuses and other benefits.

The shares to be disposed of consist of 90,000 common shares, with a disposal price of 24,450 won per share. Accordingly, the total expected disposal amount is 2,205 million won.

The treasury share disposal is scheduled to take place on September 23. It will be carried out by directly transferring the company's treasury shares into the personal accounts of 99 individuals, including employees.

However, the company stated that the number of shares to be disposed of may change depending on the number of employees at the time of actual payment. Additionally, it explained that the disposal price was calculated based on the closing price on August 5, 2026, the day before the board resolution date, and the final disposal amount may vary depending on the stock price and the number of employees at the time of actual payment.

Hyundai Muvex added that this treasury share disposal amounts to 90,000 shares (0.08%) of the total issued shares (111,376,039 shares), and the stock dilution effect is expected to be negligible. As of the filing date, the company currently holds 1,229,404 common treasury shares.