Celltrion Seeks Approval to Retire Treasury Shares

[NA Eun-kyung, Edaily Reporter] Celltrion said it will submit an agenda item at its upcoming annual general meeting to systematically manage the retirement, holding and disposal of treasury shares, as it steps up efforts to strengthen corporate competitiveness and enhance shareholder value.

The company said it plans to revise its articles of incorporation to provide a clear legal basis for the retirement and disposal of treasury shares, subject to shareholder approval.

It aims to address potential market uncertainties and maintain a transparent disclosure system.