Disclosures

The company filed its annual corporate governance report for FY2025, disclosing a 40% compliance rate with the 15 core governance indicators set by the Korea Exchange. Compared with the prior period, the company newly adopted electronic voting, avoided concentrated AGM dates, and began holding quarterly meetings between the internal audit body and external auditors without management present. However, key gaps remain: no 4-week advance AGM notice, no formal CEO succession plan, no internal control/risk management policy, no independent audit support organization, no board gender diversity, and the board chair is not an independent director. The board consists of just 2 inside directors and 1 outside director, and the largest shareholder (Kwak Dong-shin) holds 55.75% with minority shareholders at 38.43%. Consolidated FY2025 revenue rose to KRW 576.7 bn (vs. KRW 558.9 bn prior), though operating profit slipped slightly to KRW 251.4 bn; net income recovered to KRW 214.0 bn.

Korea Circuit filed its annual Young Poong group status disclosure, reporting FY2025 standalone revenue of KRW 862.98 billion, operating profit of KRW 53.10 billion, and net income of KRW 42.19 billion, with a debt-to-equity ratio of 120.24%. The board approved a series of significant actions over the past year, including a KRW 70 billion industrial facility loan from KDB, a capital increase for Vietnamese subsidiary Korea Circuit Vina, acquisition of additional Teranix shares, and a split-merger transaction. Notable governance changes include the reappointment of CEO Jang Se-jun (chairman) and the new appointments of outside director Jeong Jin-seop and auditor Kim Dae-jin in March 2026. The company also expanded its India operations through Joint Venture agreement amendments, OEM manufacturing contracts, and technology licensing arrangements approved in April 2026. The disclosure confirms ongoing capital investment activity and deepening cross-border expansion into India and Vietnam.

This is the annual mandatory disclosure of the Samsung business group's structure, filed under the designated controlling person Lee Jae-yong. The filing reports six overseas affiliates that directly or indirectly hold stakes in domestic affiliates, including Harman International Industries, Samsung Electronics America, and the D&M/DEI/Viper Holdings chain — all 100%-owned within the group. No overseas affiliates are held directly by the controlling family (20%+ thresholds), and intra-group ownership remains fully consolidated. This is a routine regulatory filing with no changes to shareholding structure or business operations.

The National Pension Service (NPS) reported reducing its stake from 5.00% to 3.71%, selling 255,162 shares via on-market transactions on May 29, 2026. Total holdings declined from 989,244 to 734,082 shares out of 19,777,674 voting shares outstanding. The filing is a simple/abbreviated report, indicating the purpose remains general investment with no intent to influence management control. NPS dropping below the 5% threshold removes its status as a major shareholder requiring detailed reporting, and the supply overhang from a large institutional seller may pressure the stock near-term.

The company filed its 2025 Corporate Governance Report, reporting a 66.7% compliance rate with key governance indicators, up from the prior year due to newly adopted CEO succession and executive appointment policies. The board remains majority-independent (4 of 7 directors are outside directors), though the CEO continues to serve as board chair and the board lacks gender diversity. Consolidated revenue fell to KRW 1,639.1 billion (from KRW 1,865.6 billion) and net income declined to KRW 82.6 billion (from KRW 130.5 billion). The company improved dividend predictability by setting the record date (Feb 27, 2026) after the dividend confirmation date (Feb 5, 2026), but still does not publish a formal written dividend policy. Largest shareholder LX Holdings and two related parties hold 33.11%, with minority shareholders at 66.89%.

The company filed its FY2025 corporate governance report, disclosing compliance with only 5 of 15 key governance indicators (33.3% compliance rate). Notably, the internal audit body newly added an accounting/finance expert this period, marking an improvement from the prior year. The board remains 33.3% independent (one outside director), meeting the legal minimum but offering limited independent oversight. The largest shareholder group (Young Poong and 6 related parties) holds 52.90%, while minority shareholders hold 43.45%. Consolidated FY2025 results show a sharp turnaround, with operating profit of KRW 53.8 billion versus a KRW 33.2 billion loss in FY2024, and net income of KRW 53.8 billion versus a KRW 129.0 billion loss.

CEO and de facto controlling shareholder Park Young Jun acquired an additional 10,000 common shares through open-market purchases on May 28 and June 1, 2026, lifting his holdings from 3,268,470 to 3,278,470 shares (22.56% → 22.63%). The purchases were made at 6,600 won (1,000 shares) and 6,369 won (9,000 shares) per share, totaling roughly 64 million won. Insider buying by the top executive at current price levels is typically viewed as a signal of management confidence in the company's valuation. The transaction size is small relative to total shares outstanding (14,486,386), so the direct ownership impact is marginal.

The company filed its annual Corporate Governance Report covering FY2025, reporting an 86.7% compliance rate with the 15 key governance indicators. The board comprises 3 inside directors and 5 outside directors, maintaining an outside-director majority, with outside director Shin Je-yoon appointed as board chair in March 2025. Consolidated FY2025 results show revenue of KRW 333.6 trillion (+10.9% YoY), operating profit of KRW 43.6 trillion (+33.2% YoY), and net income of KRW 45.2 trillion (+31.2% YoY). Non-compliance remains in two areas: dividend predictability disclosure and cumulative voting adoption. The largest shareholder group (Samsung Life and 14 affiliates/foundations) holds 19.71%, while minority shareholders hold 66.04%.

The largest shareholder, Park Young Jun, filed an amended 5%-rule disclosure after purchasing an additional 10,000 shares on the open market. Combined holdings with related parties rose from 5,844,238 shares (40.34%) to 5,854,238 shares (40.41%) out of 14,486,386 voting shares outstanding. The stated purpose is to influence management, consistent with his role as CEO and controlling shareholder. While the incremental purchase is small (0.07pp), insider buying by the controlling shareholder generally signals confidence in the company's outlook.

The company will hold an IR briefing on June 4, 2026 in Seoul for major domestic institutional investors, sponsored by LS Securities. The session will cover the H2 2026 outlook and expansion into new overseas markets, including entry into the AI system semiconductor (foundry, OSAT) market with new 2.5D Package TC Bonders (40/120), launch of a new-concept TC Bonder for the HBF (High Bandwidth Flash) market, and participation in the US-led AI semiconductor alliance covering Big Tech, memory, and foundry players. The briefing signals a strategic pivot beyond HBM into broader AI packaging equipment demand. Schedule is subject to change.