E MART : Decision on Acquisition of Treasury Stock

Decision on Acquisition of Treasury Stock

1. Number of shares to be acquired (shrs.)	Common stock	1,000,000
Different classes of stocks	-
2. Estimated acquisition amount (KRW)	Common stock	121,500,000,000
Different classes of stocks	-
3. Scheduled acquisition period	Start date	2022-02-26
End date	2022-05-25
4. Expected holding period	Start date	-
End date	-
5. Purpose of acquisition	To enhance shareholder value through stock price stabilization
6. Acquisition method	Open market purchase through intermediary
7. Entrusted brokerage company	Samsung Securities Co., Ltd.
8. Treasury stock holdings before acquisition	Acquisition within profits available for dividends (shrs.)	Common stock	75,824	Ratio (%)	0.3
Different classes of stocks	-	Ratio (%)	-
Acquisition for other reasons (shrs.)	Common stock	11,640	Ratio (%)	0.0
Different classes of stocks	-	Ratio (%)	-
9. Date of board resolution (decision date)	2022-02-25
- Attendance of outside directors	Present (No.)	4
Absent (No.)	-
- Attendance of auditors (members of Audit Committee who are not outside directors)	-
10. Limit of buying order per day	Common stock	100,000
Different classes of stocks	-
11. Other matters to be factored into investment decisions	- "2. Estimated acquisition amount (KRW)" is the amount calculated based on the closing price of the day before the resolution of the board of directors (February 24, 2022), and the actual acquisition amount may change depending on future share price fluctuations. - "4. Expected holding period" is 6 months or more from the last date of acquisition. - The Company's Audit Committee consists entirely of outside directors. - "10. Limit of buying order per day" : 100,000 shares ※ Basis of calculation : Lesser of [Larger of ① and ②] and ③ ① 10% of the number of shares declared for acquisition : 100,000 shares ② 25% of the average daily trading volume for one month from the day before the date of resolution of the board of directors : 34,872 shares ③ 1% of the total number of issued shares : 278,758 shares - Regarding the [Limit to acquiring treasury stock] below, "1. Limit to "profits available for dividend in the commercial act as of the immediately preceding fiscal year end" above is entered based on the Company's own accounting based on the separate financial statements as of December 31, 2020 (unit: KRW) - Regarding the [Limit to acquiring treasury stock] below, "ⓒ Total amount of capital reserves and earned surplus reserves accumulated up to preceding fiscal year" of "1. Limit to "profits available for dividend in the commercial act as of the immediately preceding fiscal year end" includes hybrid securities issued by the Company. - Regarding the [Holding amount of treasury stock before decision on treasury stock acquisition] below, 'Beginning Balance' is the quantity held as of January 1, 2022, the start date of the business year to which the record date of the disclosure document belongs, and 'Closing Balance' is the quantity held as of February 25, 2022, the record date of the disclosure document.

【Limit to Acquiring Treasury Stock】

Category	Amount (KRW)
1. Limit to "profits available for dividends" in the Commercial Act as of the immediately preceding fiscal year end	ⓐ. Net assets	9,118,448,914,663
ⓑ. Amount of capital	139,379,095,000
ⓒ. Total amount of capital reserves and earned surplus reserves accumulated up to preceding fiscal year	5,053,755,680,613
ⓓ. Unrealized gains as prescribed by Presidential Decree	689,506,377,076
Sub total (ⓐ-ⓑ-ⓒ-ⓓ)	3,235,807,761,974
2. Acquired amount of treasury stock after previous fiscal year end	-
3. Amount of 'dividends' and related 'earned profit reserves' decided at annual general meeting of shareholders after previous fiscal year end	59,328,358,000
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserve' decided at the board of directors after previous fiscal year end	-
5. Amount of trust contract	-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)	95,890,405,072
Limit of acquisition of treasury stock (1-2-3-4-5+6)	3,272,369,809,046

【Holding Amount of Treasury Stock before Decision on Treasury Stock Acquisition】

(in shrs.)

Methods of acquisition	Type of stocks	Beginning balance	Change	Closing balance	Remarks
Acquisition (+)	Disposal (-)	Share retirement (-)
Amount of shares acquired within profits available for dividends	Direct acquisition	Direct acquisition in exchange	Common stock	75,824	-	-	-	75,824	-
Different classes of stocks	-	-	-	-	-	-
Direct acquisition in OTC	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Tender offer	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Sub total (a)	Common stock	75,824	-	-	-	75,824	-
Different classes of stocks	-	-	-	-	-	-
Acquisition by trust contract	Number of shares indirectly held through trust contracts	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Number of shares directly held	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Sub total (b)	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Amount of shares acquired for other reasons (c)	Common stock	11,640	-	-	-	11,640	Fraction share (spin-off)
Different classes of stocks	-	-	-	-	-	-
Total (a+b+c)	Common stock	87,464	-	-	-	87,464	-
Different classes of stocks	-	-	-	-	-	-