Hyundai E-zwell acquires Hyundai Vendis shares from related party, achieving 100% ownership
Hyundai E-zwell acquires 63,089 shares of Hyundai Vendis from Cho Jung-ho and one other related party for KRW 584.7 billion (KRW 92,680 per share) in an over-the-counter transaction
Post-acquisition, Hyundai E-zwell's stake in Hyundai Vendis increases to 100.0%
This acquisition is based on the exercise of a share purchase right under a shareholder agreement dated Nov 7, 2022, and an amendment dated Aug 5, 2025
Hyundai Vendis is part of the same business group but had its affiliation deferred under the Monopoly Regulation and Fair Trade Act enforcement decree