Mobile Appliance Confirms Criminal Charges of Embezzlement and Breach of Trust Against Former and Current Executives Creating Severe Governance Risk

This disclosure responds to the stock exchange's inquiry regarding rumors, confirming that the Seoul Southern District Prosecutors' Office has accepted a case against former and current executives for embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes.
No additional facts have been confirmed so far, and the company plans to re-disclose within one month or when details are finalized.
This event introduces severe governance risk due to top management's legal troubles, potentially leading to management vacuum and loss of trust, negatively impacting the stock price.
[AI Summary]Confirmed criminal investigation for embezzlement and breach of trust against former and current executives creates a serious governance crisis. Management uncertainty and credibility damage are expected to erode shareholder value, exerting strong downward pressure on the stock price in the near term.