Major Shareholder DB Inc. Amends Stock Pledge Contract, Holding Unchanged at 25.03%
Original: 주식등의대량보유상황보고서(일반)
Summary
DB Inc., the largest shareholder of DB HiTek, filed a mass holding report reflecting a change in its contractual arrangements rather than its underlying ownership. Total shares held remain unchanged at 10,918,429 shares (25.03% stake). However, shares subject to major contracts (likely pledged as collateral) decreased from 9,396,010 (21.54%) to 8,896,010 (20.40%), a reduction of 500,000 shares. The filing reason is listed as a modification of contracts related to the reporter's holdings. The purpose of holding remains influence over management as the largest shareholder, with no specific corporate actions currently planned.
Full Translation
Report on Mass Holding of Stocks, Etc. (General)
6.0
DB HiTek Co., Ltd.
Report on Mass Holding of Stocks, Etc.
(General Form: For reports under Article 147 of the Financial Investment Services and Capital Markets Act with the purpose of 'influencing management control')
To: Financial Services Commission
Reporting Obligation Date: June 12, 2026
To: Korea Exchange
Report Preparation Reference Date: June 12, 2026
Reporter: DB Inc.
[Summary Information]
Issuing Company: DB HiTek Co., Ltd.
Relationship with Issuer: Largest Shareholder
Report Type: Change
Number and Ratio of Shares Held:
- Previous Report: 10,918,429 shares (25.03%)
- Current Report: 10,918,429 shares (25.03%)
Number and Ratio of Shares Subject to Major Contracts:
- Previous Report: 9,396,010 shares (21.54%)
- Current Report: 8,896,010 shares (20.40%)
Voting Rights and Ratio: Not applicable
Reason for Reporting: Change in contracts related to the reporter's holdings
Part 1: Overview of the Report
1. Information on the Issuing Company
- Company Name: DB HiTek Co., Ltd.
- Company Code: 000990
- Corporate Classification: KOSPI-listed corporation
- Total Number of Voting Shares Issued: 43,617,167 (including common stock, preferred stock 1, and preferred stock 2 [unlisted])
2. Information on the Mass Holder
A. Reporter
- Report Type: Change (Joint)
- Reporter Classification: Domestic Corporation
- Nationality: Republic of Korea
- Name: DB Inc. (주식회사 디비아이엔씨)
- Address: Samseong-dong, Gangnam-gu, Seoul
- Business Registration Number: 211-81-19938
- Business: IT, trade, etc.
- Relationship with Issuer: Largest Shareholder
Details on Reporter:
- Legal Nature: Corporation (Joint-stock company)
- Total Assets: KRW 989,492 million
- Total Liabilities: KRW 539,249 million
- Total Equity: KRW 450,243 million
- Capital: KRW 100,587 million
- Representatives: Moon Deok-sik, Kang Un-sik (each as representative)
- Decision-Making Body: Board of Directors
- Largest Shareholder: Kim Nam-ho
- Largest Shareholder's Stake: 16.83%
(Based on consolidated financial statements as of year-end 2025, in millions of KRW)
B. Specially Related Parties
1. Kim Joon-ki - Individual (Domestic), Major Shareholder, DB Group Founder & Honorary Chairman
2. Kim Joo-won - Individual (Domestic), Major Shareholder, DB Group Vice Chairman
3. DB Kim Joon-ki Cultural Foundation - Domestic Corporation, Public Interest Foundation
4. Ha Joo-chan - Individual, Affiliate Executive, CEO of Dongbu Cheolgu Co., Ltd.
5. Yang Seung-joo - Individual, DB HiTek Inside Director
6. Lee Sang-ki - Individual, DB HiTek Inside Director
7. Kim Dong-gyun - Individual, DB Technology Non-Executive Director
8. Choi Jong-gwan - Individual, Auditor at Dongbu Cheolgu
9. DB HiTek In-House Workers' Welfare Fund - Other Organization (Domestic)
Details on Specially Related Parties:
- DB Life Insurance: Total Assets KRW 12,156,782 million; Total Equity KRW 1,193,345 million; Capital KRW 253,334 million; Representative Kim Young-man; Largest Shareholder DB Insurance Co., Ltd. (82.92%)
- DB Kim Joon-ki Cultural Foundation: Non-profit public interest foundation; Total Assets KRW 562,961 million; Net Assets KRW 516,546 million; Basic Endowment KRW 50,120 million; Chairman Yoon Dae-geun
- DB HiTek In-House Workers' Welfare Fund: Total Assets KRW 13,829 million; Total Equity KRW 12,548 million; Representatives Ha Joo-chan, Hong Seok-hyun
C. Collective Investment Business Operator: Not applicable
3. Number and Ratio of Shares Held
- Previous Report (2026.05.19): DB Inc. with 9 specially related parties — 10,918,429 shares (25.03%), out of total 43,617,167 voting shares
- Current Report (2026.06.12): DB Inc. with 9 specially related parties — 10,918,429 shares (25.03%), out of total 43,617,167 voting shares
- Change: 0 shares (0%)
4. Purpose of Holding
Influence on Management Control, including:
I. Appointment/dismissal of directors and auditors or suspension of duties
II. Changes to articles of incorporation regarding corporate organs such as directors and the board
III. Changes to the company's capital
IV. Influence on dividend decisions
V. Mergers (including simplified and small-scale mergers) and divisions
VI. Comprehensive share exchange and transfer
VII. Acquisition or transfer of all or a significant part of the business
VIII. Disposition or transfer of all or a significant part of assets
IX. Leasing of all or a significant part of the business, delegation of management, or contracts sharing all profits and losses of the business with others, or similar contracts; changes or cancellations thereof
X. Dissolution of the company
The reporter is the largest shareholder (major shareholder) of the issuer and may exercise direct or indirect influence over the company or its officers in connection with items I through X above. As of the report preparation reference date, there are no specific plans regarding these items; however, as a shareholder, the reporter intends to exercise shareholder rights through lawful procedures in accordance with the company's management objectives should related matters arise.
5. Reason for Change
- Method of Change: N/A
- Reason for Change: N/A
- Reason for Modification: [Translation truncated]
May 22, 2026
₩181,100
₩182,800
+0.94%
May 4, 2026
₩161,700
₩165,800
+2.54%
Apr 9, 2026
₩92,600
₩103,500
+11.77%
Apr 1, 2026
₩86,100
₩94,400
+9.64%
Apr 1, 2026
₩86,100
₩94,400
+9.64%
Apr 1, 2026
₩86,100
₩94,400
+9.64%
Mar 3, 2026
₩90,500
₩87,700
-3.09%
Feb 2, 2026
₩103,000
₩99,000
-3.88%
Past performance does not guarantee future results. Small sample sizes may not be representative. For informational purposes only.