Moadata Sharply Reduces Debt Guarantee for Affiliate Moa Life Plus by 57% from 3.2B to 1.385B Won, Significantly Lowering Financial Risk

Moadata filed a correction notice on July 1, 2026 reducing its debt guarantee for affiliate Moa Life Plus from 3,205,150,000 won to 1,385,150,000 won, a decrease of approximately 57%.
The revision reflects changes in the principal balance of Moa Life Plus's 11th series convertible bonds, bringing the guarantee-to-equity ratio down from 7.96% to 3.44%, substantially lowering contingent liabilities.
Although the original guarantee was approved in March 2024 with no outside directors present at the board meeting, the significant reduction improves financial soundness.
[AI Summary]Moadata's large reduction in the debt guarantee for its affiliate markedly decreases potential financial risk and enhances shareholder value. The guarantee now stands at only 3.44% of equity, but governance concerns remain due to the absence of outside directors in the original decision.