Lion Corporation to cancel treasury stock to enhance shareholder value

Lion Corporation announced today that its Board of Directors has resolved to cancel 4,650,000 shares of its treasury stock. This action, conducted under the provisions of Article 178 of the Companies Act, aims to increase shareholder value by boosting earnings per share (EPS). The canceled shares represent approximately 1.63% of the company's outstanding shares before the cancellation. Following the cancellation, the total number of issued shares will be 279,782,746 and the number of treasury shares will be 2,804,021, representing 1.00% of outstanding shares after the cancellation. This calculation is based on figures as of March 31, 2025. Shares held by the executive compensation Board Incentive Plan (BIP) trust are excluded from this cancellation.