Extension of Collateral Deadline for Subsidiary Debt Increases Risk

Collateral period extended from April 30, 2026 to June 30, 2026 (correction)
Collateral: subsidiary Shidai Sikang's loan from CATL of approx. KRW 59.7 billion (CNY 284 million) secured by 49% and 15% stakes in subsidiaries
Subsidiary's weak financials: 2024 net loss of KRW 33 billion, debt KRW 180 billion > equity KRW 118.5 billion
Collateral amount equals 12.8% of equity (KRW 466.8 billion), a significant burden
Condition to resolve CATL's existing guarantee (KRW 95.4 billion) extended to end-June; penalty risk if unresolved

Filing: [Correction of Description] Decision on Provision of Collateral to Others
Company: Enchem (348370)
Submission: Enchem Co., Ltd.
Receipt: 04-30-2026
Under KRX KOSDAQ Market Division