Stock Exchange with E-Mart - Ratio 1:0.5031313, Appraisal Right Price Raised to 63,348 Won
Shinsegae Food will become a wholly-owned subsidiary of E-Mart via comprehensive stock exchange; ratio: 0.5031313 Shinsegae Food shares per 1 E-Mart share (3% premium on Shinsegae Food's reference price of 48,729 won)
Appraisal right purchase price raised 29.6% from 48,876 won to 63,348 won (30% premium over reference price, 58% above tender offer price of 40,100 won)
Exchange date: July 23, 2026; trading suspension period: July 21 ~ August 10
E-Mart will deliver 524,319 treasury shares; no new shares issued
Shinsegae Food plans to cancel all treasury shares (257,029) and shares acquired through appraisal rights before the exchange date