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Press ESG December 17, 2021

TYM decides on cash dividends "to actively implement the shareholder return policy".

TYM announced on the 17th that it will provide cash dividends for the first time in two years.

The estimated total cash dividend amount was about 2.9 billion won, and as of December 17, dividends of 20 won per share were set for the total number of distributed shares (146,467,041 shares). According to TYM, it is expected to achieve the highest annual performance ever this year, and it has sought to change its two-year non-dividend policy. In other words, the intention is to increase the value of shareholders by sharing profits generated by the company.

In addition, TYM has been purchasing treasury stocks since October. In addition, in order to strengthen transparency in management, dedicated organizations such as an audit committee composed of outside directors, an outside director candidate recommendation committee, and an ESG committee are established and operated. Through this governance, it is determined to build a transparent and fair management culture and strengthen trust in shareholders and customer stakeholders. 

A TYM official said, "We will realize management value that coexists with shareholders through rapid and specific dividend policy disclosure," adding, "We will also do our best to become a developing company with shareholders by exploring various ways to strengthen communication with shareholders and enhance shareholder value." 

TYM is planning to release various new products, including the launch of self-driving tractors in 2022. In addition, the company plans to implement its growth strategy in detail by continuing to promote synergy between the two companies, such as establishing a joint production line with TYM Group affiliates and investing in joint research and development.

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