Hyundai Elevator to Cancel 2,487,323 Treasury Shares

Hyundai Elevator's board decided on October 16, 2026, to cancel 2,487,323 common shares held in treasury. The shares have an acquisition value of KRW 107.24 billion. * The cancellation will reduce the 39,092,385 outstanding common shares without reducing share capital. The cancellation excludes up to 500,000 treasury shares authorized for retention or disposal at the March 26, 2026, annual shareholders' meeting. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyundai Elevator Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261016800692), on October 16, 2026, and is solely responsible for the information contained therein. (C)