Disclosures

The company extended its joint guarantee on interim payment loans for buyers of the Cheongna The Live Tiamo Casa apartment project, with Hana Capital and others as creditors. The guarantee amount is KRW 224.1 billion, representing 67.49% of equity (KRW 332.1 billion based on 2025 year-end consolidated K-IFRS), running from May 31, 2026 to November 30, 2026. This is a maturity extension of previously disclosed guarantees from 2022, 2023, and 2024, not a new commitment. Total outstanding debt guarantees across all counterparties stand at KRW 585.6 billion, reflecting ongoing exposure to project financing in real estate developments.

This is the annual large business group status disclosure as a member of the Doosan Group, covering company overview, financials, and ESG governance. FY2025 standalone results show revenue of KRW 303.9 billion with an operating loss of KRW 0.9 billion but net income of KRW 1.5 billion, while debt-to-equity stood at 61.02% with borrowings of KRW 200.5 billion. Notably, Cho Hoon was newly appointed as co-CEO alongside Kim Yoon-gun effective March 31, 2026, and Choi Ji-gwang joined as a new outside director and audit committee member. The board also approved significant capex including a Pyeongtaek new plant construction plan revision and additional machinery investments for new business response.

A Samsung Electronics executive (Kim Kyoung-seok, Managing Director of Foundry FAB3 Team, appointed Nov 25, 2025) filed an insider ownership change report. His holdings increased by a net 1 share, from 236 to 237 common shares (0.00% of total shares outstanding). The activity included a small on-market purchase on Jan 30, 2026, plus a same-day buy of 1,249 shares and sale of 1,249 shares on May 29, 2026 at prices of KRW 320,500 and KRW 321,000 respectively. This is a routine non-registered executive disclosure with negligible economic significance relative to the 6.65 billion total shares outstanding.

Filed the annual corporate governance report for fiscal year 2025 (January 1 to December 31, 2025), with a 40% compliance rate on the core governance indicators. The company met 6 of 15 key indicators including electronic voting, dividend predictability, internal control policies, and procedures for internal audit access to management information. Key non-compliance areas include lack of 4-week prior notice for shareholder meetings, no CEO succession plan, no independent board chairperson, no cumulative voting, lack of board gender diversity, and absence of an independent internal audit department. Consolidated revenue rose to KRW 1,384,990 million (up from KRW 1,267,195 million) and operating profit improved to KRW 11,313 million, but net income fell sharply to KRW 6,226 million from KRW 42,965 million. The largest shareholder Kim Young-jae holds 41.27% with minority shareholders at 49.36%.

This is the annual large business group status disclosure for the Wonik group, filed by the individual company. The filing reports KRW 909.8B in revenue, KRW 73.1B in operating profit, and KRW 82.6B in net income for the prior fiscal year, with a low debt-to-equity ratio of 20.31%. One new overseas subsidiary, ADVANCED TECH-INTEGRATION SOLUTIONS CO., LTD. in China, was added to the group on 2026-02-02 for semiconductor equipment production, sales, and customer support. The board also approved a 2025-2027 dividend policy and welcomed Kim Yong-gil (former ASM Korea Chairman/CEO) as a new inside director and board chair effective 2026-03-24. This is a routine annual regulatory filing with no material changes to control or operations.

Subsidiary Cheonbo BLS completed the issuance of its 1st unregistered, coupon-bearing, unsecured private placement convertible bonds, with the full KRW 78.2 billion paid in on May 29, 2026. The board originally resolved on the issuance on May 22, 2026, and the actual issued amount matched the planned amount in full. The CBs will not be listed. This is a sizable capital raise at the subsidiary level that strengthens funding but introduces potential future dilution at the subsidiary upon conversion.

Hana Micron, the largest shareholder of Hana Materials, filed an amended large-holding report following a small on-market sale by a related party. Total holdings decreased by 5,000 shares, lowering the combined ownership stake from 44.87% to 44.84% (a 0.03 percentage point decline). The reporting entity and its seven specially related parties (executives and affiliates) collectively still hold 8,957,208 shares. The change was driven by an on-market sale by a specially related party, with the purpose maintained as 'influence over management.' Major contract-related holdings remain unchanged at 4,924,241 shares (24.66%).

Subsidiary DB World will temporarily suspend its ferroalloy division effective September 30, 2026, due to a steel industry downturn and persistent accumulated losses. The halted business represents KRW 40.06 billion, or 28.9% of the most recent consolidated revenue (2025 basis). Management expects short-term revenue declines but anticipates improved profitability, cash flow, and debt ratios from cutting fixed costs in the loss-making segment. The suspension date may shift depending on raw material and product inventory depletion. DB World is a major subsidiary engaged in real estate development and golf course operations, with total assets representing 18.7% of the parent's consolidated assets.

The company filed its FY2025 Corporate Governance Report covering the period from January 1 to December 31, 2025, reporting compliance with 8 of 15 core governance indicators (53.3% compliance rate). Key compliant areas include 4-week advance notice for shareholder meetings, electronic voting, dividend predictability, and quarterly internal audit meetings with external auditors without management. Notable non-compliance areas include the absence of a dividend policy, CEO succession plan, internal control/risk management policy, and an independent internal audit department, as well as the lack of separation between the board chair and CEO roles. The board consists of 6 inside directors and 3 outside directors, with the largest shareholder group holding 54.54% and minority shareholders holding 33.34%. Consolidated FY2025 revenue was KRW 382.9 billion (down slightly from KRW 385.4 billion), with operating profit of KRW 60.0 billion and net income of KRW 53.4 billion, both showing year-over-year growth.