Hyundai Holdings Company Increases Stake in Hyundai Elevator by 0.25% and Terminates Joint Holding Agreement… Strengthened Control and Reduced Pledge Risk

Hyundai Holdings Company acquired an additional 94,406 shares of Hyundai Elevator through open-market purchases by related parties Jeong Ji-yi (89,406 shares) and Imdang Scholarship & Culture Foundation (5,000 shares), raising its stake from 24.62% to 24.87%.
The joint holding agreement with Metropolitan Holdings was terminated, reducing the number of special related parties from 16 to 15. The termination followed the repayment of secured debt and release of pledges.
Shares under major contracts (pledges and joint holding) decreased sharply from 6,618,487 (16.93%) to 3,678,394 (9.41%). Although Hyundai Holdings Company newly pledged 2,632,526 shares to Hana Securities etc. (KRW 120 billion), the existing pledges and joint holding agreement with Metropolitan Holdings were canceled.
Jeong Ji-yi's purchase funds (approx. KRW 8.5 billion) came from self-financing via investment asset sales, and the Imdang Foundation's funds (approx. KRW 412 million) were from its own reserves, indicating no additional debt burden.
[AI Comprehensive Analysis]: This disclosure is a routine correction reflecting a slight increase in the largest shareholder's stake and the termination of joint holding/pledge agreements. It can be interpreted as a minor positive signal for strengthened control and reduced potential overhang risk. However, the overall change is modest and represents a reconfiguration of existing pledges, so it does not constitute a material positive catalyst for shareholder value.