GS Group Discloses Overseas Affiliate Ownership Structure for Hugel – Confirms Management Succession and Governance Stability

GS Group's same person (Heo Chang-su) family indirectly holds 43.53% of Hugel shares through foreign affiliates: Dione Limited (Malta, 62.50% held by GS) and APHRODITE ACQUISITION HOLDINGS LLC (Cayman Islands, 42.11% held by Dione Limited); APHRODITE owns 5,355,651 common shares (43.53%) of Hugel with a book value of approximately KRW 169.4 billion.
This disclosure is a routine annual filing of the large business group's governance structure as of the designated date (May 1, 2026), with no new capital raising, share buyback, cancellation, or dividend-related announcements.
[AI Summary]This routine disclosure reaffirms GS Group's existing ownership structure for Hugel via overseas affiliates, involving no new capital flows or equity dilution, thus neutral for shareholder value; it alleviates concerns over succession and governance stability.