Major shareholder pledges all shares as collateral for company's 184 billion won loan

Largest shareholder Song Hyeseung (18.26% stake) pledges all 11,435,683 shares as collateral for company's 184 billion won loan
Collateral amount 220.8 billion won (120% of debt), creditor Shinhan Insight Second, debtor MS Autotech
Purpose: operating funds, period 2026.5.15~2028.5.15
2025 consolidated net loss 74.9 billion won, debt ratio 166% (debt 1,059.5 billion, equity 637.4 billion)
Previous pledge contract (2025.9.26) to be terminated before this new one
Collateral enforcement condition: default triggers acceleration of debt

Filing: Contract for Provision of Share Pledge Involving Change of Largest Shareholder
Company: MS AUTOTECH (123040)
Submission: MS AUTOTECH COMPANY, LIMITED
Receipt: 05-14-2026
Under KRX KOSDAQ Market Division