Decision to Absorb Wholly-Owned Subsidiary MiCo HighTech... Small-Scale Merger with No New Shares

MiCo Ltd. decided to absorb its wholly-owned subsidiary MiCo HighTech with a merger ratio of 1:0, executing a zero-capital increase merger with no new shares
Merger purpose is to strengthen competitiveness and improve financial structure by integrating ceramic materials/parts and process equipment technologies
MiCo HighTech reported assets of 44.3 billion won, liabilities of 27.7 billion won, equity of 16.5 billion won, sales of 40.8 billion won, and net income of 6.5 billion won for 2025
As a small-scale merger, board approval replaces shareholder meeting, and appraisal rights are not granted
If shareholders holding 20% or more of outstanding shares oppose, the merger may either convert to a regular process or be terminated