COWAY

- Total Shareholder Return Rate* Increase:  Doubling from 20% to 40% through 2027 to enhance shareholder value. - Dividend Increase and Share Cancellation:  For FY2024, cash dividends will more than double compared to the previous year, and 2.56% of all treasury shares will be canceled. - Corporate Value-Up Program Participation:  Scheduled participation in South Korea's Corporate Value-Up Program in 2025. Seoul, South Korea, January 7th, 2025 –  Coway Co., Ltd., the “Best Life Solution Company,” has announced the expansion of its shareholder return policy, reinforcing its commitment to enhancing shareholder value and long-term, sustainable financial growth.   Key Highlights of the Expanded Policy Starting FY2024, Coway will increase its total shareholder return rate from 20% to 40%, a commitment that will extend through FY2027. Of this increased total shareholder return rate, 34% will be allocated for cash dividends, while 6% will be dedicated to treasury share cancellation.   As part of this latest commitment, Coway plans to cancel a total of 1,890,486 shares, representing 2.56% of its treasury shares, by the end of 2025. The enhanced total shareholder return rate is set to remain in place through FY2027.   Furthermore, Coway will participate in South Korea's Corporate Value-Up Program in 2025 in order to increase corporate value, with more detailed information to be provided through public disclosure set for release within the first quarter of 2025.   Strengthened Financial Foundations The decision to expand shareholder returns reflects Coway’s strengthened financial stability and business competitiveness, which the company has attained since its acquisition by the Netmarble Group in 2020.   Prior to the acquisition, Coway faced challenges stemming from a shareholder return policy that exceeded its free cash flow. This situation constrained the company’s financial flexibility and limited investment in core operations and growth initiatives, thus weakening the competitiveness of its core businesses.   Since the acquisition, Coway has been implementing a capital allocation strategy aimed at restoring financial stability while fostering growth. In reducing its total shareholder return rate to approximately 20%, the company was able to reinvest in key business areas including research and development, marketing, and customer satisfaction as well as enhancing global market competitiveness and increasing brand awareness for BEREX, all in pursuit of sustainable growth.   These efforts have been successful in driving growth for Coway, resulting in the impressive performance of six consecutive quarters surpassing KRW 1 trillion in revenue, despite the challenges posed by the COVID-19 pandemic and ongoing global economic uncertainties.   Coway’s Commitment to Sustainable Growth Starting in FY2024, as the company’s growth foundation stabilizes, Coway has decided to increase its total shareholder return resources from the current 20% of consolidated net income to 40% by FY2027.   “Coway plans to allocate resources toward shareholder returns, strategic investments for sustainable growth, and maintaining financial stability within the range of distributable profits, taking into account internal and external business conditions,” said Jangwon Seo, CEO of Coway. “We will continue to implement shareholder-friendly policies in various ways going forward.” *Total Shareholder Return Rate is the ratio of consolidated net income distributed to shareholders through cash dividends, share buybacks, and cancellations.   About Coway Co., Ltd. Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .      

SEOUL, South Korea, January 6th, 2025 --  Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a  CES® 2025 Innovation Awards Honoree  by the Consumer Technology Association (CTA).   The CES Innovation Awards program, sponsored by the CTA, is an annual competition that spotlights the latest groundbreaking technologies from around the world. As part of the judging process, products undergo thorough reviews that include assessments of their innovation, engineering, functionality, aesthetics and design by leading industry experts.   This year, Coway has been named a CES® 2025 Innovation Awards Honoree for three conceptual products that reflect the company’s future-forward technological direction, one that prioritizes providing the utmost in consumer convenience alongside optimized, fully customizable life solutions.   The products that have received honors in this year’s CES Innovation Awards are the ‘Digital Healthcare Bidet’ in the Home Appliances category, the ‘Smart Self-cleaning Air Purifier’ in the Sustainability & Energy/Power category and the ‘Smart Home Care Air Purifier’ in the Smart Home category.   The ‘Digital Healthcare Bidet’ is a conceptual bidet product that goes beyond the conventional cleaning functionality of traditional bidets by providing an integrated feature capable of providing the user with holistic health updates and tailored management based on the data collected and monitored over time during product use.   Coway’s ‘Smart Self-cleaning Air Purifier’ concept product, which features an innovative self-cleaning technology that removes the need for filter cleaning or replacement, was recognized by this year’s awarding body in particular for its eco-friendly design that minimizes the production of filter waste.   The third product to have been awarded honors, the ‘Smart Home Care Air Purifier’, is a conceptual air purifier product that harnesses artificial intelligence (AI) technologies to design and provide optimized air care solutions for any space, thus making multi-room air purification more effective and seamless for the consumer.   “This is a truly meaningful achievement, as it reaffirms the excellence and competitiveness of Coway's innovative technologies and demonstrates the growing attention on our groundbreaking innovations at a global level,” said a Coway official. "We will continue to do our best to develop cutting-edge technologies and products that lead trends and set new standards in the global home appliance market.”   Coway continues to be recognized for its industry-leading technological capabilities, having won a total of 28 CES Innovation Awards to date since the company's first win in 2016 across a variety of product categories including water purifiers, air purifiers, bidets, smart mattresses and massage beds.   About Coway Co., Ltd. Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .        

Coway, the “Best Life Solution Company”, has been paving the way as a champion of eco-friendly practices through a variety of creative Corporate Social Responsibility (CSR) initiatives. Through such projects as the Coway River Plogging Campaign , the Coway Classroom Forest Project and the Coway Ecological Forest , the company continues to drive environmental stewardship while inspiring collective action in 2024 and beyond. Coway River Plogging: Fostering Cleaner Waterways for All Since the launch of the initiative in 2022, the Coway River Plogging campaign has served to unite Coway consumers and employees with their local communities by encouraging participants to collect litter while jogging or walking near bodies of water (an activity known as ‘plogging’). Now in its third year, this campaign continues to inspire communities to integrate simple, eco-friendly practices into their daily lives. This year, the initiative was expanded to encompass more comprehensive feats of plogging with the inclusion of the underwater clean-up efforts off the coast of Goseong, Gangwon Province, South Korea, which was led by Coway employees certified in scuba diving. Those who took part were able to remove a variety of waste materials from the seabed in order to safeguard the cleanliness of the seawater, including plastic bottles and discarded fishing gear. Coway employees and  Geumcheon-gu residents also came together to help rid the Anyangcheon Stream of litter.  Through these ongoing annual campaigns and initiatives, Coway is fostering sustainable habits across local communities, as well as spreading awareness of the value of clean waterways.   Coway Classroom Forest: Educating Future Environmental Leaders The Coway Classroom Forest project introduces important environmental topics and issues to young minds by providing elementary schools with air-purifying plants. Such plants not only serve to improve the air quality of the classrooms they are placed in, but also provide students with a hands-on lesson on the role of plant life in maintaining ecological balance. To date, the program has entered six elementary schools in South Korea, with 2,714 plants having been donated. Each donated plant is paired with an endangered species seedling, a move that reflects Coway’s dual mission of nurturing biodiversity and reducing its carbon footprint. Through this active engagement with young students, the Coway Classroom Forest project has the potential to instill a lifelong appreciation for environmental preservation in each of its participants. Coway Ecological Forest: Cultivating Biodiversity in Urban Spaces This year, Coway made the groundbreaking accomplishment of establishing its ‘Coway Ecological Forest No.1’, located at the company’s G-Tower headquarters in Seoul. Designed to help revitalize urban ecosystems, this Forest features native and endangered plant species as identified by the Korea Forest Service and the International Union for the Conservation of Nature (IUCN). The plants in this urban oasis provide critical habitats for local wildlife, including birds and insects. Along with serving as a verdure sanctuary, the Forest also doubles as an educational hub. Coway plans to host workshops and activities for children and young people that emphasize the importance of biodiversity and the interconnectedness of life. This urban ecological space reflects Coway’s vision of creating sustainable environments wherein nature and community coexist. Championing Community-Led Impact The CSR efforts made by Coway throughout 2024 exemplify the company’s dedication to environmental stewardship by way of innovative and inclusive programs. By addressing such key issues as water pollution, air quality and biodiversity loss, Coway has been demonstrating that meaningful change is possible when communities work together. With these initiatives, Coway aims to inspire action, and is laying the foundation for a greener, more sustainable future. About Coway Co., Ltd.  Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or http://newsroom.coway.com .