Subsidiary Merger Decision (Deutsch Auto Co., Ltd. Absorbs British Auto Co., Ltd.)

Deutsch Auto Co., Ltd. will absorb British Auto Co., Ltd. (merger without capital increase, ratio 1:0)
Purpose: Enhance management efficiency and cost reduction to improve profitability
British Auto financials (end of 2025): Assets 21,314M won, Liabilities 15,777M won, Equity 5,537M won, Revenue 87,439M won, Net loss -3,020M won
No new shares issued, no change in ownership structure
No impact on consolidated financial statements
Merger date: 2026-06-30, shareholder meeting expected: 2026-05-28

Filing: Decision on Merger of Companies (Major Management Matters of Subsidiary)
Company: Deutsch Motors (067990)
Submission: Deutsch Motors Inc.
Receipt: 05-14-2026
Under KRX KOSDAQ Market Division