Sharp sales decline and net loss in Q1 2026, but financial structure improvement positive

• Sales 49,307 million KRW (down 25.4% YoY), operating profit 579 million, net loss 297 million (vs profit of 2,506 million in Q1 2025)
• Debt reduction: short-term borrowings 29,000 million (from 34,500 million at year-end), debt ratio improved to 64.32% (from 72.81%)
• Sale of Chinese subsidiary (Dongguan) completed in March 2026, recognizing disposal gain of 2,109 million in separate financials
• R&D spending 1,093 million (2.22% of sales), continued investment in AR HUD and battery materials
• Ongoing litigation (3 cases) poses potential risks