Seah Holdings Announces Self-Tender Offer for 187,000 Shares (4.41%) at 160,000 Won (10.88% Premium)

Purpose: Enhance shareholder value through acquisition and cancellation of treasury shares
Shares to be purchased: Up to 187,000 shares (4.41% of total outstanding shares)
Purchase price: 160,000 won per share (10.88% premium over prior day closing price of 144,300 won)
Tender period: May 20, 2026 – June 8, 2026; settlement on June 10, 2026
Funding: Fully funded with own capital of 29.92 billion won (deposited in NH Investment & Securities account)
Cancellation plan: Intended to cancel within one year after tender offer completion (specific timing not yet decided)
Financial impact: 71,000 shares already cancelled on April 17, 2026. If this tender succeeds, total cancellation will be 258,000 shares (6.08%)
Major shareholder and related parties' stake: 76.08% (participation in tender not confirmed; pro-rata allocation applies)
Tender conditions: Full purchase if tendered shares ≤ 187,000; pro-rata if oversubscribed
Tax: May be subject to constructive dividend tax; withholding may apply

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