ITOXI Withdraws 10 Billion Won Third-Party Allotment... Disclaimer of Opinion and Going Concern

Withdrawal of capital increase: Third-party allotment decided in Nov 2025 (for operating funds) entirely canceled.
Auditor's disclaimer: Samjeong Accounting Corp. disclaimed opinion on FY2025 financial statements, citing going concern uncertainty.
Financial deterioration: Accumulated deficit 14.88B won, operating loss 4.7B won, negative operating cash flow 5.12B won.
Debt ratio 82.24% (prior 94.19%), financial liabilities including convertible bonds 2.88B won, liquidity risk.
Capital reduction (75%) in Dec 2025: shares reduced from 48,979,946 to 14,568,774.
Illegal acts receivables 13.6B won fully provisioned, lawsuits won but collection ongoing.
Pending damage suit 2.44B won, outcome uncertain.
Internal accounting control system auditor adverse opinion: material weaknesses in overall control, related parties, going concern evaluation, loan management.
Designated as unfaithful disclosure corporation by Korea Exchange (Jan 19, 2026) for delayed and reversed disclosures.

Filing: [Correction of Description] Small Amount Public Offering Disclosure Document (Equity Securities)
Company: ITOXI (052770)
Submission: ITOXI Corp.
Receipt: 05-15-2026