Seoryong Electronics and Related Parties Report Agreements and SPV Excessive Debt

Agreement signed among Seoryong Electronics, Park Sung-jae, Spectra First, Spectra Second: covers board composition, share disposal restrictions, tag-along rights
Spectra First and Second each have asset put option agreements with Han Song-i et al., allowing sale of held convertible bonds and warrants (exercisable after 1 year)
Spectra First: assets 33.9B won, liabilities 34.4B won, equity -0.48B won (capital impairment)
Spectra Second: assets 20.6B won, liabilities 20.66B won, equity -0.04B won (capital impairment)
Collateral loans for Spectra First and Second have interest rates 6.50~15.00%, loan amounts subject to increase
Seoryong Electronics has collateral loan, loan amount may vary based on stock market price
Amazing Holdings stock lending agreement, maturity May 13, 2026
Includes 5 special relationship entities (INKORDAN, 12Digit, Spectra First, Spectra Second, Suho Equity)