TOVIS Proposes Spin-Off of Automotive Display Business and Relisting of Neovue on KOSDAQ

TOVIS spins off automotive display business into new entity 'Neovue' via simple split; surviving company focuses on casino display.
Spin-off ratio: 0.3536822, shareholders receive 0.3536822 Neovue shares per TOVIS share. TOVIS capital reduced by 2.64B won.
FY2025 consolidated: revenue 640.3B won, operating profit 57.2B won, net profit 44.7B won. Individual: revenue 564.0B won, operating profit 43.4B won, net profit 32.9B won.
New company Neovue: total assets 184.8B won, liabilities 89.2B won, equity 95.6B won. Meets relisting requirements.
Litigation risks: TOVIS as defendant in damage claim (666M won + USD 502k) and as plaintiff in loan claim (200M won).
Proposals to elect internal director Kim Yong-su (CFO) and outside director Kang Shin-suk (former Suhyup Bank CEO).
Trading suspension during spin-off: June 29 - July 19, 2026.