EGM Approves Articles Amendment and Subsidiary Listing... Expected to Enhance Corporate Value via Subsidiary IPO

Deoksan Hi-Metal held an EGM on May 29, 2026, and passed both agenda items: amendment to articles of incorporation (special resolution) and approval of subsidiary Deoksan Napcorus listing (ordinary resolution).
The articles amendment was approved with 73.2% of total outstanding voting shares and 93.3% of votes present.
The subsidiary listing approval was passed with 72.8% of total voting shares and 92.7% of votes present.
Deoksan Napcorus (61.1% owned) is a defense/aerospace company with navigation technology; its listing is expected to enhance corporate value and provide liquidity.
[AI Comprehensive Analysis]The subsidiary listing is positive for parent company value, but short-term volatility may arise depending on listing timing and market conditions. Risks related to subsidiary performance and industry changes require ongoing monitoring.