Daekwang Pledges Entire 10.71% Stake for 4.4 Billion Won Loan; Risk of Change in Control

MOBILE APPLIANCE's largest shareholder Daekwang pledged its entire stake of 3,486,210 shares (10.71%) as collateral for a 4.4 billion won loan
Enforcement conditions include margin call and maturity default; if enforced, the shareholder's stake would drop to zero, potentially changing control
The pledge period is from April 29 to June 28, 2026 (2 months)
Daekwang recorded total assets of 141.8 billion won, liabilities of 93.5 billion won, and a net loss of 15.1 billion won in 2025, indicating financial distress