Kumyang Extends Investment Period for Coater Equipment at Gijang Battery Plant, Completion Delayed to February 2027

Kumyang announced through a correction to its new facility investment disclosure dated November 28, 2025, that it is extending the investment period for the 21700 cylindrical battery cathode/anode coater equipment at its Gijang plant from July 31, 2026 to February 28, 2027.
The reason for the correction is a delay in factory completion leading to equipment installation delay. The investment amount of 17.5 billion KRW and the ratio of 14.35% of equity remain unchanged.
The equipment contract was signed in July 2023 and this extension is merely a schedule adjustment with limited impact on existing shareholder value.
[AI Summary]This disclosure is a procedural amendment reflecting a delay in the timeline of a pre-existing capital investment plan without any change in the scale or terms of investment, thus having a neutral impact on the stock price. However, the delay in factory completion implies potential setbacks in production milestones that warrant monitoring.