DOUZONE BIZON Board Approves Share Exchange: Delisting and Cash Payment of 120,000 KRW per Share Confirmed

DOUZONE BIZON's board unanimously approved the share exchange with Doronicum on May 28, 2026.
The share exchange effective date is June 30, 2026; delisting expected on July 15. Shareholders may exercise appraisal rights until June 17 at 120,000 won per share.
As previously disclosed, 2,354,110 treasury shares will be cancelled before the exchange, enhancing shareholder value.
Upon completion, DOUZONE BIZON becomes a wholly-owned subsidiary; existing shareholders receive 120,000 won per share in cash.
[AI Comprehensive Analysis]This delisting process forces minority shareholders to cash out. The exchange price offers a slight premium over market, limiting immediate losses, but eliminates future upside. Shareholders should actively consider exercising appraisal rights if they disagree.