Moadata Reduces Debt Guarantee for Moalifeplus to 3.2 Billion Won, Contingent Liability Ratio Drops to 7.96% of Equity

Moadata submitted a correction disclosure on June 29, 2026, reducing its debt guarantee for affiliate Moalifeplus from 3,985,150,000 won to 3,205,150,000 won, a decrease of 780 million won or about 19.6%.
The amendment reflects changes in the principal balance of Moalifeplus's 11th series convertible bonds, lowering the guarantee-to-equity ratio from 9.89% to 7.96%, thus easing contingent liability burden.
The debt guarantee was originally approved by the board in March 2024, but with all outside directors absent, raising governance concerns.
[AI Summary]Moadata reduced its debt guarantee for an affiliate, mitigating potential financial risk. This is positive for shareholder value, but the guarantee still stands at around 8% of equity and governance issues persist due to absent outside directors. The market may view the improved financial stability favorably.