Seoryong Electronics Amends Report to Add Stock Pledges for Sungho Electronics, Continuing Control Reinforcement

Seoryong Electronics amended its major shareholding report dated July 2, 2026, disclosing additional pledge of 5,079,209 Sungho Electronics shares owned by special related parties Park Hyun-nam, Heo Soon-young, Ha Soo-kyung, and Park Geon-ho to H2On First Co., Ltd.
This correction supplements the pledge details of the original report with no change in the total ownership of 65.89% or the potential shares of 22,752,126.
Most shares held by Seoryong Electronics and its special related parties remain pledged to financial institutions, posing a risk of control change if the pledges are enforced.
[AI Summary]This amendment is merely a procedural update with no new financial shock. However, the ongoing pledge of majority shares and the dilution risk from convertible bonds held by Spectrum entities warrant continued investor caution.