SeA Mechanics Decides to Sell Land and Buildings for 13.57 Billion KRW, Reschedules Balance Payment to July 3, 2026 to Secure Liquidity for Business Diversification

SeA Mechanics announced the correction of its asset disposal decision to sell land and buildings in Gumi National Industrial Complex for approximately 13.57 billion KRW, with the balance payment date changed to July 3, 2026.
The disposal aims to secure cash liquidity for future business diversification, with total proceeds of 1.36 billion KRW down payment and 12.21 billion KRW balance.
The disposed assets represent 10.28% of total assets and received a fair valuation opinion from Samdo Accounting Firm.
The counterparty is Gumi Data Infrastructure Solution, a real estate development company with a capital of 1 million KRW.
[AI Summary]SeA Mechanics' asset sale is a financial strategy to secure cash liquidity without diluting shares, intended to fund business diversification. While it improves short-term liquidity, the sale of over 10% of total assets may reduce the operational base. The counterparty's weak capital base warrants monitoring of the balance payment risk.