SM Group Governance Disclosure: Vietnam Subsidiary SM VN's Investment in Domestic Affiliate

Regular disclosure on the shareholding structure of related parties to Woo Oh-hyeon, the controlling shareholder of SM Group
Vietnam-based affiliate SM VN CO., LTD. (steel manufacturing) is 100% owned by HN E&C Co., Ltd. (based on paid-in capital)
SM VN invested KRW 1.308 billion in domestic affiliate SM Steel Co., Ltd., holding a 0.63% stake
No circular shareholding among domestic and foreign affiliates
[AI Summary]This is a routine governance disclosure aimed at transparency; its direct impact on shareholder value is limited, but it reveals inter-affiliate capital flows and equity relations