What happened
Completion Report on Merger, etc. (Merger) Form 6.0
THE Century Co., Ltd. Completion Report on Merger, etc. (Merger)
To: Governor of the Financial Supervisory Service Date: August 10, 2026
Company name: THE Century Co., Ltd. Representative Director: Cho Young-jun Head office address: 212 Toegye-ro, Jung-gu, Seoul (Chungmuro 4-ga) (Tel) 02-3393-3500 (Website) https://www.daehancinema.co.kr Preparer: (Title) Director (Name) Kim Gi-a (Tel) 02-3393-3517
I. Schedule Category: THE Century Co., Ltd.; Wooyang Fishery Co., Ltd. Merger decision board resolution date: May 21, 2026; May 21, 2026 Merger agreement date: May 21, 2026; May 21, 2026 Record date setting - announcement/notice: May 21, 2026; - Shareholder record date: June 5, 2026; - Merger dissent notice period - start date: June 22, 2026; -; end date: July 6, 2026; - Shareholders' meeting date for merger approval (replaced by board resolution for simplified merger): July 7, 2026; July 7, 2026 Appraisal rights exercise period - start date: July 7, 2026; -; end date: July 27, 2026; - Creditor objection announcement/notice: July 7, 2026; July 7, 2026 Creditor objection period - start date: July 7, 2026; July 7, 2026; end date: August 7, 2026; August 7, 2026 Merger effective date: August 8, 2026; August 8, 2026 Merger completion report board resolution (replacing merger completion shareholders' meeting): August 10, 2026; - Scheduled merger registration date (scheduled dissolution registration date): August 10, 2026; August 10, 2026 Scheduled listing date of merger new shares: August 25, 2026; -
Note 1) The above merger schedule is the expected schedule as of the disclosure date and may change due to consultation and approval processes with relevant authorities. Note 2) The merger completion report shareholders' meeting may be replaced by a public notice procedure based on a board resolution pursuant to Article 526(3) of the Commercial Act.
II. Changes in Shareholding of Major Shareholders, etc. [Status of changes in shareholding of the largest shareholder and related parties before and after the merger] (Record date: August 10, 2026) (Unit: shares, %) Columns per name: Relationship; Share type; Before merger - THE Century (shares/ratio); Before merger - Wooyang Fishery (shares/ratio); After merger - THE Century (shares/ratio); After merger - THE Century following Wooyang Industrial Development's disposal of its THE Century holding (Note 2) (shares/ratio)
Wooyang Industrial Development: Largest shareholder of THE Century; Common; 2,844,399 / 47.65%; - / -; 2,844,399 / 9.13%; - / - KES: Related party of THE Century; Common; 253,053 / 4.24%; - / -; 253,053 / 0.81%; 253,053 / 0.81% Cho Young-jun: Largest shareholder of Wooyang Fishery; Common; 71,948 / 1.21%; 9,977 / 51.74%; 13,105,948 / 42.05%; 13,105,948 / 42.05% Cho Hyo-sik: Related party; Common; 20,554 / 0.34%; 3,311 / 17.17%; 4,346,060 / 13.94%; 4,346,060 / 13.94% Lee Ju-bun: Related party; Common; 10,277 / 0.17%; 2,000 / 10.37%; 2,623,086 / 8.42%; 2,623,086 / 8.42% Cho Seong-bin: Related party; Common; 6,166 / 0.10%; - / -; 6,166 / 0.02%; 6,166 / 0.02% Cho Seong-jun: Related party; Common; 6,166 / 0.10%; - / -; 6,166 / 0.02%; 6,166 / 0.02% Cho Mi-bun: Related party; Common; 2,055 / 0.03%; 1,000 / 5.18%; 1,308,459 / 4.20%; 1,308,459 / 4.20% Cho Young-su: Related party; Common; 2,055 / 0.03%; 1,000 / 5.18%; 1,308,459 / 4.20%; 1,308,459 / 4.20% Cho Young-mi: Related party; Common; 2,055 / 0.03%; 1,000 / 5.18%; 1,308,459 / 4.20%; 1,308,459 / 4.20% Cho Young-ran: Related party; Common; 2,055 / 0.03%; 1,000 / 5.18%; 1,308,459 / 4.20%; 1,308,459 / 4.20% Total of largest shareholder and related parties: Common; 3,220,783 / 53.95%; 19,288 / 100.00%; 28,418,714 / 91.18%; 25,574,315 / 82.05% General shareholders total: Common; 2,749,165 / 46.05%; - / -; 2,749,165 / 8.82%; 5,593,564 / 17.95% Treasury shares total: Common; - / -; - / -; 5 / 0.00%; 5 / 0.00% Total issued shares: Common; 5,969,948 / 100.00%; 19,288 / 100.00%; 31,167,884 / 100.00%; 31,167,884 / 100.00%
Note 1) As a result of this merger, the expected number of merger new shares applying the merger ratio is 25,197,936 shares, which may change due to differences such as fractional shares of less than one share. Note 2) All merger new shares issued as a result of this merger will be placed under mandatory lock-up with the Korea Securities Depository for one year immediately after issuance, without delay. Note 3) Pursuant to Article 342-2 of the Commercial Act, Wooyang Industrial Development Co., Ltd., which will become a subsidiary of THE Century Co., Ltd. after this merger, plans to dispose of the THE Century shares it holds within 6 months from the merger date.
III. Exercise of Appraisal Rights 1. Share purchase price and pricing method Article 165-5(3) of the Financial Investment Services and Capital Markets Act provides that the purchase price of shares shall be determined through consultation between the shareholder and the relevant company. If no agreement is reached, the purchase price shall be the amount calculated under Article 176-7(3) of the Enforcement Decree of the same Act, based on the trading price of the shares traded on the securities market before the board resolution date. However, if the company or the requesting shareholder also objects to the purchase price, a request may be made to the court for determination of the purchase price.
(1) [Proposed purchase price for shares of the surviving company] Company's proposed price for consultation: THE Century common stock: KRW 5,649 Basis of calculation: Amount calculated under Article 165-5 of the Financial Investment Services and Capital Markets Act and Article 176-7 of its Enforcement Decree Method if consultation fails: The amount calculated based on the trading price of the shares traded on the securities market under Article 165-5 of the Financial Investment Services and Capital Markets Act; if the company or the requesting shareholder objects to the purchase price, a request may be made to the court for determination of the purchase price.
(2) [Method of calculating the expected share purchase price for shares of the surviving company (Article 176-7(3) of the Enforcement Decree)] Classification: Amount (KRW); Calculation period Volume-weighted average closing price, most recent 2 months: 5,617; March 21, 2026 ~ May 20, 2026 (2 months before the day preceding the board resolution date) Volume-weighted average closing price, most recent 1 month: 5,629; April 21, 2026 ~ May 20, 2026 (1 month before the day preceding the board resolution date) Volume-weighted average closing price, most recent 1 week: 5,703; May 14, 2026 ~ May 20, 2026 (1 week before the day preceding the board resolution date) Base purchase price [(1+2+3)/3]: 5,649
(3) [Breakdown of the calculation of the expected share purchase price] Date: Closing price (KRW); Trading volume (shares); Closing price x Trading volume (KRW) 2026-05-20: 6,070; 123,592; 750,203,440 2026-05-19 (the filing states this date as "2026/0519"; as stated in the filing): 5,620; 45,208; 254,068,960 2026-05-18: 5,620; 63,066; 354,430,920 2026-05-15: 5,170; 17,395; 89,932,150 2026-05-14: 5,160; 50,060; 258,309,600 2026-05-13: 5,130; 11,712; 60,082,560 2026-05-12: 5,140; 18,907; 97,181,980 2026-05-11: 5,070; 33,603; 170,367,210 2026-05-08: 5,260; 17,940; 94,364,400 2026-05-07: 5,290; 16,692; 88,300,680 2026-05-06: 5,270; 29,344; 154,642,880 2026-05-04: 5,380; 27,647; 148,740,860 2026-04-30: 5,430; 22,401; 121,637,430 2026-04-29: 5,420; 16,395; 88,860,900 2026-04-28: 5,600; 18,935; 106,036,000 2026-04-27: 5,620; 25,068; 140,882,160 2026-04-24: 5,760; 113,166; 651,836,160 2026-04-23: 6,040; 20,198; 121,995,920 2026-04-22: 6,230; 28,237; 175,916,510 2026-04-21: 5,940; 31,221; 185,452,740 2026-04-20: 6,160; 43,819; 269,925,040 2026-04-17: 6,200; 48,163; 298,610,600 2026-04-16: 6,400; 261,236; 1,671,910,400 2026-04-15: 5,770; 57,403; 331,215,310 2026-04-14: 5,840; 51,681; 301,817,040 2026-04-13: 5,440; 84,121; 457,618,240 2026-04-10: 5,120; 15,109; 77,358,080 2026-04-09: 5,090; 13,773; 70,104,570 2026-04-08: 5,060; 43,026; 217,711,560 2026-04-07: 5,050; 50,241; 253,717,050 2026-04-06: 5,000; 143,969; 719,845,000 2026-04-03: 5,180; 88,219; 456,974,420 2026-04-02: 4,975; 34,113; 169,712,175 2026-04-01: 5,100; 35,875; 182,962,500 2026-03-31: 5,100; 35,999; 183,594,900 2026-03-30: 5,420; 25,696; 139,272,320 2026-03-27: 5,360; 58,573; 313,951,280 2026-03-26: 5,690; 30,100; 171,269,000 2026-03-25: 5,530; 16,811; 92,964,830 2026-03-24: 5,660; 22,085; 125,001,100 2026-03-23: 5,660; 33,185; 187,827,100 Volume-weighted average closing price, most recent 2 months: 5,617 Volume-weighted average closing price, most recent 1 month: 5,629 Volume-weighted average closing price, most recent 1 week: 5,703 Base purchase price [(1+2+3)/3]: 5,649 Source: Korea Exchange Information Data System (http://data.krx.co.kr)
2. Details of requests 1) Merging company (surviving company): Requesters 40 persons; request date 2026.07.07 ~ 2026.07.27; requested shares 44,474 shares; Note: includes a total of 2 shareholders (169 shares total) who applied for price adjustment. 2) Merged company (dissolving company): Requesters -; request date -; requested shares -; Note: -
3. Purchase date The payment dates for the share purchase price following exercise of appraisal rights by the merging parties are as follows. 1) Merging company (surviving company): August 7, 2026. Of the total 44,474 shares for which appraisal rights were exercised with respect to THE Century shares, payment of the purchase price for 44,305 shares was completed on August 7, 2026, and payment for the remaining 169 shares that applied for price adjustment will be completed later in accordance with the relevant procedures. 2) Merged company (dissolving company): No appraisal rights arose.
4. Source of funds for purchase The merging company (surviving company) used its own funds.
5. Policy for handling purchased shares The treasury shares that THE Century Co., Ltd. will acquire through the exercise of appraisal rights in connection with this merger are scheduled to be disposed of within 5 years from the date of purchase, pursuant to Article 165-5(4) of the Financial Investment Services and Capital Markets Act and Article 176-7(4) of its Enforcement Decree. As of the submission date, no decision has been made on the method of disposing of the treasury shares to be acquired through the appraisal rights request.
IV. Matters Concerning Creditor Protection Each merging party carried out the following creditor protection procedures pursuant to Articles 232 and 527-5 of the Commercial Act. (1) Pursuant to Article 527-5(1) of the Commercial Act, each merging party must, within 2 weeks from the date of the shareholders' meeting approval resolution, give public notice to creditors that any objection to the merger must be submitted within a period of not less than 1 month, and must separately notify known creditors. (2) Pursuant to Article 232(2) of the Commercial Act, if a creditor does not submit an objection within the above period, the creditor is deemed to have approved the merger. (3) Pursuant to Article 232(3) of the Commercial Act, if a creditor submits an objection, each merging party must repay the creditor, provide adequate security, or entrust adequate property to a trust company for that purpose.
Classification: Date and location Creditor objection announcement: July 7, 2026 Creditor objection period: July 7, 2026 ~ August 7, 2026 Announcement media: THE Century Co., Ltd. www.daehancinema.co.kr; Wooyang Fishery Co., Ltd. www.wfishery.co.kr Creditor objection submission location: THE Century Co., Ltd., 212 Toegye-ro, Jung-gu, Seoul (Chungmuro 4-ga); Wooyang Fishery Co., Ltd., 264 Chungmudae-ro, Seo-gu, Busan (Chungmu-dong 1-ga)
(4) Pursuant to Article 439(3) and Article 530(2) of the Commercial Act, bondholders must hold a bondholders' meeting resolution to raise an objection, and the court may extend the objection period for bondholders upon request of an interested party. (5) THE Century Co., Ltd. will comprehensively succeed to all assets, liabilities, and other property, rights and obligations held by Wooyang Fishery Co., Ltd. as of the merger date, on the merger date, without any additional procedures or contracts. Note: No creditor of either merging party submitted an objection during the creditor objection period.
V. Status of Related Litigation As of the date of submission of this report, there is no litigation related to this merger that could affect the validity of the merger.
VI. Matters Concerning Allotment of New Shares, etc. 1. Allotment of new shares (1) As of the merger new share record date, common shareholders listed in the shareholder register of the merged company, Wooyang Fishery Co., Ltd., were allotted merger new shares (totaling 25,197,936 shares) at a ratio of 1,306.4048276 THE Century common shares per 1 Wooyang Fishery common share. (2) Dividend accrual start date for new shares: January 1, 2026. (3) THE Century Co., Ltd. plans to apply to the Korea Exchange KOSPI Market for listing of the new shares issued pursuant to this merger (scheduled listing date: August 25, 2026). (4) Method of handling fractional shares: Fractional shares of less than 1 share arising from allotment under the merger ratio will be paid in cash, within 1 month from the listing date, to the shareholder entitled to them, based on the closing price on the Korea Exchange on the listing date of the merger new shares; such fractional shares will be treated as treasury shares acquired by THE Century Co., Ltd. under Article 341-2(3) of the Commercial Act and are scheduled to be retired within 1 year after the merger. (5) Allotment of new shares with respect to treasury shares: Not applicable. (6) Lock-up: The merger new shares will be placed in custody with the Korea Securities Depository for 1 year immediately after issuance.
2. Payment of consideration, etc. Other than delivery of merger shares according to the merger ratio to shareholders of Wooyang Fishery Co., Ltd., payment for fractional shares sold, and payment of the share purchase price to dissenting shareholders, THE Century Co., Ltd. will not make any separate merger consideration payment.
3. Compensation to specific shareholders There is no fact that the merging company or its related parties agreed to provide any direct or indirect additional compensation to specific shareholders of Wooyang Fishery Co., Ltd. beyond the allotment of new shares according to the merger consideration.
VII. Summary Financial Information Before and After the Merger (Unit: KRW) Classification: Before merger - THE Century; Before merger - Wooyang Fishery; After merger - THE Century Current assets: 5,139,946,724; 2,621,906,303; 7,761,853,027 Non-current assets: 44,308,889,562; 156,632,665,276; 200,941,554,838 Total assets: 49,448,836,286; 159,254,571,579; 208,703,407,865 Current liabilities: 17,927,179,244; 32,773,232,240; 50,700,411,484 Non-current liabilities: 6,950,498,453; 2,528,623,122; 9,479,121,575 Total liabilities: 24,877,677,697; 35,301,855,362; 60,179,533,059 Capital stock: 2,984,974,000; 192,880,000; 15,583,942,000 Capital surplus: 19,104,468,652; 10,154,960,000; 123,855,686,755 Accumulated other comprehensive income: 16,677,176,783; 1,470,439,717; 16,677,176,783 Other components of equity: 1,245,838,868; -; 1,245,809,868 Retained earnings: -15,441,299,714; 105,531,877,386; -15,441,299,714 Total equity: 24,571,158,589; 123,952,716,217; 148,523,874,806 Total liabilities and equity: 49,448,836,286; 159,254,571,579; 208,703,407,865
Note 1) The above summary financial information was prepared based on the separate statement of financial position as of March 31, 2026, and may differ from the statement of financial position as of August 8, 2026, the merger date. Note 2) The above post-merger financial statements have not been audited or reviewed by an external auditor and may change depending on the results of the external auditor's audit or review.
| Filed | 2026-08-10, Completion report on merger, etc. (merger) |
|---|---|
| Source | DART rcept 20260810000678 → open original filing |
Source: DART. Information only, not investment advice.

