Disclosures

Mirae Asset Global Investments filed an amended major shareholder report showing its stake in DB HiTek decreased from 11.10% to 11.02% (-31,369 shares), keeping it above the 10% major shareholder threshold. The net change reflects routine portfolio activity between May 21-27, 2026, including market sales, ETF creation/redemption flows, and stock lending/return transactions rather than a strategic reduction. Reported transaction prices ranged from KRW 155,205 to KRW 220,500 per share across the period. The small reduction is operational in nature and Mirae Asset remains a significant institutional shareholder.

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.

De facto controlling shareholder Jiwan Chung filed an amended large shareholding report with holdings unchanged at 3,479,596 shares (44.73%) and pledged/contracted shares also unchanged at 940,610 shares (12.09%). The filing reason is a modification to terms of a contract concerning held shares, not a buy or sell transaction. The reporter and 10 special-related parties (including Soulbrain Holdings, family members, and executives) collectively maintain the same control structure. Holding purpose remains 'influence over management' as the company's largest shareholder. No share count changes occurred between the prior report (May 6, 2026) and this report (May 28, 2026).

The company has decided to lend KRW 30 billion to its affiliate L&F Plus Co., Ltd. to fund facility investment, with the loan executed on May 29, 2026. The loan represents 4.43% of equity (KRW 676.8B as of end-2025 consolidated audit) and carries an interest rate of 4.811%, maturing December 30, 2026. L&F Plus was newly established in August 2025 and posted a net loss of KRW 212 million in 2025 with no revenue yet, indicating it is still in an early build-out phase. The board approved the decision on May 27, 2026, with 4 of 5 outside directors attending. Investors should note this is intra-group capital support for an early-stage affiliate, which may pressure standalone cash flow but supports group-level capacity expansion.

Seronics Co., Ltd., the largest shareholder of L&F, filed an amended major shareholding report due to an extension of an existing stock-collateralized loan. The total number of shares held remained unchanged at 8,989,835 shares, but the ownership ratio decreased slightly from 22.29% to 22.22% due to an increase in total outstanding shares (from 40,325,085 to 40,455,487). Shares pledged under major contracts also remained at 2,887,053 shares, with the ratio adjusting from 7.16% to 7.14%. The filing is administrative in nature, reflecting a refinancing event rather than any change in actual ownership or management control intent.

An amendment was filed to correct the previously reported share counts in an insider ownership disclosure. The reporter, Jo Misun (non-registered executive, Senior Vice President in the Finance Team), revised her holdings from 3,289 to 3,409 common shares after an open-market purchase of 120 shares on May 18, 2026 at KRW 269,500 per share. The position remains negligible at approximately 0.00% of total shares outstanding (6,735,612,586). This is a routine administrative correction with no material implications for the broader shareholder base.