Sungeel Hi-Tech Converts $12M Loan into Equity of Subsidiary SUNGEEL AMERICA HOLDINGS (Acquisition Date Corrected)

Purpose: Convert $12M loan to subsidiary SUNGEEL AMERICA HOLDINGS into equity to strengthen capital of grandchild SungEel Recycling Park Indiana LLC for US battery recycling business (acquisition amount: 18.1B KRW, 7.99% of equity)
Post-acquisition stake: 100% (existing 700 shares + new 1,200 shares = 1,900 shares)
Correction: Acquisition date changed from 2026-04-08 to 2026-04-15 (US time April 14, KR time April 15); typo correction regarding equity reference
Financials: Subsidiary as of FY2025 end: assets 29.3B KRW, liabilities 18.7B KRW, equity 10.5B KRW, net loss 17M KRW (no revenue from operations)

Filing: [Correction] Decision On Acquisition Of Stocks And Investment Securities Of Other Corporation
Company: SungEel HiTech (365340)
Submission: SungEel HiTech Co., Ltd.
Receipt: 04-08-2026
Under KRX KOSDAQ Market Division