Wysol Acquires 100% of NRLab from Daeduck for KRW 18.9B to Secure Tx Module Tech
Original: 타법인주식및출자증권취득결정(자회사의 주요경영사항)
Summary
Subsidiary Wysol resolved to acquire 100% (8,000,000 shares) of NRLab Co., Ltd. from its parent Daeduck Co., Ltd. for KRW 18.896 billion in cash, equivalent to 6.4% of Wysol's equity. The stated purpose is to secure Tx module technology and improve RF business operating efficiency. NRLab is an electronic component manufacturer with 2025 revenue of KRW 79.1 billion and net income of KRW 3.3 billion. The transaction is an intra-group reorganization (related-party deal with the largest shareholder Daeduck) and is scheduled to close on 2026-06-23.
Full Translation
Decision on Acquisition of Shares and Equity Securities of Other Corporations — Report on Material Management Matters of Subsidiary Wysol Co., Ltd. (Disclosure date: 2026-06-23)
1. Issuing Company
- Company name (nationality): NRLab Co., Ltd.
- CEO: Lee Jung-soo
- Capital stock (KRW): 40,000,000,000
- Relationship with company: Affiliated company
- Total shares issued: 8,000,000
- Main business: Electronic components manufacturing
- Acquisition of new shares via third-party allotment within the past 6 months: No
2. Acquisition Details
- Shares acquired: 8,000,000
- Acquisition amount (KRW): 18,896,000,000
- Equity capital (KRW): 294,706,144,811
- Ratio to equity capital: 6.4%
- Large enterprise: Applicable
3. Shares Owned and Stake Ratio After Acquisition
- Shares owned: 8,000,000
- Ownership ratio: 100%
4. Acquisition Method: Cash acquisition
5. Acquisition Purpose: Securing Tx module technology and improving operating efficiency of the RF business
6. Scheduled Acquisition Date: 2026-06-23
7. Subject to Submission of Material Report on Asset Transfer: No
- Total assets at end of latest fiscal year (KRW): 346,238,781,672
- Acquisition price / total assets: 5.5%
8. Backdoor Listing Applicability: Not applicable
- Plans for third-party allotment capital increase within next 6 months: Not applicable
9. Backdoor Listing Eligibility of Issuing Company: Not applicable
10. Date of Board Resolution: 2026-06-23
- Outside director attendance: 1 attended, 0 absent
- Auditor (audit committee) attendance: Attended
11. Subject to Fair Trade Commission Reporting: Not applicable
12. Put Option or Similar Contract: No
- Contract details: None
13. Other Matters for Investment Consideration
- This disclosure relates to the company acquiring all shares of the issuing company (8,000,000 shares, 100% of total issued shares) from the existing shareholder Daeduck Co., Ltd.
- The 'equity capital' in item 2 and 'total assets at end of latest fiscal year' in item 7 are based on the company's consolidated financial statements as of end-2025.
- The 'current year', 'prior year', and 'two years ago' in the summary financials below refer to fiscal years 2025, 2024, and 2023, respectively.
- All authority over the decisions and execution of detailed matters, including timing of investment amounts, rests with the CEO or a designee appointed by the CEO.
[Summary Financial Status of Issuing Company] (Unit: KRW million)
- Current year (2025): Total assets 30,041 / Total liabilities 12,617 / Total equity 17,425 / Capital stock 40,000 / Revenue 79,145 / Net income 3,328
- Prior year (2024): Total assets 26,498 / Total liabilities 12,395 / Total equity 14,103 / Capital stock 40,000 / Revenue 75,916 / Net income 3,577
- Two years ago (2023): Total assets 18,900 / Total liabilities 8,250 / Total equity 10,650 / Capital stock 40,000 / Revenue 62,208 / Net income -61
[Counterparty Information]
1. Personal Information
- Name: Daeduck Co., Ltd.
- Nationality: Republic of Korea
- Head office address: Moknae-dong, Danwon-gu, Ansan-si, Gyeonggi-do
- Business registration number: 134-81-06363
- Business: Holding company
- Largest shareholder: Kim Young-jae (7,368,082 shares, 21.74%)
- CEO: Same as above
- Fiscal year 2025 (Unit: KRW million): Settlement period 54 / Total assets 1,838,110 / Capital stock 17,551 / Total liabilities 388,481 / Revenue 1,384,990 / Total equity 1,449,630 / Net income 6,226
- External auditor: Ernst & Young Han Young / Business suspension: No / Audit opinion: Unqualified / Business closure: No
2. Relationship with Counterparty
- Relationship with company: Largest shareholder
- Relationship of company's largest shareholder/executives with counterparty: Daeduck Co., Ltd. is the largest shareholder itself
3. Transactions in the Past 3 Years (excluding ordinary transactions): None for current year, prior year, or two years ago