Decision on Zero-Increase Small-Scale Merger with Wholly-Owned Subsidiary Soma

Monitorapp decided to absorb its wholly-owned subsidiary Soma via a zero-increase small-scale merger. No new shares issued, no change in capital.
Merger ratio 1:0; external valuation not required (as 100% subsidiary).
No appraisal right granted (small-scale merger). However, the merger cannot proceed if shareholders holding 20% or more of outstanding shares object.
No change in major shareholder or management post-merger.
Soma (FY2025): revenue KRW 1.27bn, operating loss KRW 0.49bn, net loss KRW 0.58bn, total equity KRW 0.73bn. Already consolidated; limited impact on financials.
Merger effective date: July 20, 2026.