Zero-Issuance Merger of Subsidiary with 500M KRW Capital Deficit
Sungho Electronics Corp. decided to absorb its wholly-owned subsidiary Amazing Holdings Corp. via a small-scale, zero-issuance merger (merger ratio 1:0)
No new shares will be issued; no stock purchase rights granted to shareholders
Amazing Holdings was established in 2025, with capital deficit of approx. 500M KRW (equity -499M KRW), zero revenue, and net loss of 500M KRW
Purpose: enhance management efficiency and business synergy
Merger date scheduled for July 3, 2026
Opposition possible by shareholders holding 20% or more within 2 weeks of public notice
KOSDAQ Filing Information
[Addition of Attachment] Report on Material Facts (Decision on Corporate Merger)