Extension of KRW 36.27 Billion Loan to Subsidiary SoluM USA Inc.
Decision to extend a loan of KRW 36.27 billion (USD 25 million) to SoluM USA Inc., a 100% subsidiary.
Loan purpose: working capital for local entity. Interest rate 4.75%, loan period 2024-05-20 to 2027-05-19.
Loan balance of KRW 36.27 billion represents 6.44% of equity (KRW 562.77 billion).
Subsidiary financials (consolidated 2025): assets KRW 221.19 billion, liabilities KRW 192.89 billion, equity KRW 28.3 billion, net loss KRW 13.49 billion; loss for three consecutive years.