Correction on Disposal of Sangsangin Savings Bank Shares: Deadline Extended, Terms Revised
Decision to dispose of 90.1% stake (12,240,001 shares) in subsidiary Sangsangin Savings Bank for KRW 110.7 billion (based on higher of book value and sale price)
Purpose: Comply with Financial Services Commission order to sell and secure investment funds
Post-disposal stake: 9.99% (1,359,999 shares)
Expected closing date extended from 2026-04-30 to 2026-08-31 (reason: change in expected disposal date)
Revised closing conditions: If FSC approval not obtained by deadline, either party may terminate contract; if approved, closing within 5 or 30 business days after all conditions satisfied/waived
Indemnification for loan losses and securities from Sangsangin Savings Bank, and settlement of fines/forfeiture related to criminal case 2020Gohap537 to be arranged
Collateral for indemnification: planned to provide shares in S-Innovation New Technology Fund or Synergy Innovation Co., Ltd. as first-priority unencumbered security
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Disposal of Stocks and Equity Securities of Other Corporations