Large Shareholding Report - Share Pledge and Shareholders' Agreement
Report on change in shareholding by reporting person (Jerico Partners Co., Ltd.) and special relations (Yumi Development Co., Ltd., K-Jet Precision Co., Ltd., Huam Cultural Foundation, Haeju Choi Clan Jongjung, P23 Partners Co., Ltd.).
Jerico Partners borrowed up to KRW 115.5 billion from Hana Bank, etc., for repayment of K-Jet Precision tender offer funds (interest rate 4.70%~6.05% p.a.).
Yumi Development pledged 50,000 common shares of the issuer to Hana Bank, etc., as collateral.
P23 Partners entered into a shareholders' agreement with 11 existing shareholders: joint exercise of voting rights, restrictions on share disposal, and call option for existing shareholders.
P23 Partners and existing shareholders pledged shares as collateral for loan agreements and bond underwriting contracts with Meritz Securities, etc. (interest rate 5.70%~6.00%).
Financial information of special relations: Yumi Development total assets KRW 604.4 billion, K-Jet Precision total assets KRW 519.3 billion, Huam Cultural Foundation total assets KRW 14.8 billion, Haeju Choi Clan Jongjung total assets KRW 101.9 billion.