Change of largest shareholder

A later amendment corrects this filing, so the terms on this page may be out of date. See the latest version (2026-08-14) →

What happened

KwangjinInd / Change of Largest Shareholder / (2026.08.13) Change of Largest Shareholder

Change of Largest Shareholder

1. Details of the change Largest shareholder, etc. before change: Heo Jeong-do and 3 others; Shares held (shares) 2,733,848; Ownership ratio (%) 34.48 Largest shareholder, etc. after change: DNT International Co., Ltd.; Shares held (shares) 1,027,470; Ownership ratio (%) 12.96

2. Reason for change: Change of largest shareholder due to execution and performance of a share transfer agreement - Whether the change results from acquisition of forfeited shares: No - Whether the transferred shares are subject to a mandatory holding period: No

3. Purpose of the equity acquisition: Securing management control and enhancing stable corporate value - Method of financing the acquisition: Own funds (KRW) 4,500,318,600; Borrowed funds (KRW) -; Lender -; Borrowing period - to -; Collateral details - - Plan for appointment/dismissal of officers after the acquisition: Appointment is scheduled at the extraordinary general meeting of shareholders on August 31, 2026

4. Date of change: 2026-08-13 5. Date the change was confirmed: 2026-08-13

6. Other matters for reference in investment decisions - The above "4. Date of change" and "5. Date the change was confirmed" are the date on which payment of the share transfer price was completed and the share transfer was completed. - Among "Matters Concerning the Largest Shareholder After Change (where it is a general corporation)," in the section on the status and equity information of the largest shareholder, representative director and representative executive officer, Kim Tae-hyung is both the largest shareholder and the representative director. - If the rights offering scheduled to be paid in on 2026-09-29 is completed, the largest shareholder will change again.

* Related disclosures 2026-07-02 Execution of a share transfer agreement involving a change of largest shareholder 2026-07-31 Execution of a share transfer agreement involving a change of largest shareholder 2026-08-12 Execution of a share transfer agreement involving a change of largest shareholder

[Detailed change breakdown] Name (corporate name, partnership name, other entity name): Relationship; Before change - Shares (shares), Ownership ratio (%); After change - Shares (shares), Ownership ratio (%); Note Heo Jeong-do: Largest shareholder before change; 2,283,294, 28.8; -, -; - Heo Sun-im: Related party of the largest shareholder before change; 279,000, 3.52; 279,000, 3.52; - Lee Su-jin: Related party of the largest shareholder before change; 161,554, 2.04; 161,554, 2.04; - Park Se-cheol: Related party of the largest shareholder before change; 10,000, 0.12; 10,000, 0.12; - DNT International Co., Ltd.: Largest shareholder after change; -, -; 1,027,470, 12.96; -

[Matters Concerning the Largest Shareholder After Change (where it is a general corporation)] 1. Basic corporate information Corporate name: DNT International Co., Ltd.; Nationality: Republic of Korea; Address (head office location) [stated only down to township/town/district level]: 331 Bongeunsa-ro, 15F (Nonhyeon-dong, SH Tower), Gangnam-gu, Seoul; Corporate registration number: 110111-6208949 Main business: Comprehensive wholesale and brokerage of goods

- Status and equity information of the largest shareholder, representative director and representative executive officer Category: Name; Shares held (shares); Ownership ratio (%) Largest shareholder: Kim Tae-hyung; 20,000; 100 Representative director: Kim Tae-hyung; 20,000; 100

- Career history of the largest shareholder, representative director and representative executive officer Name: Kim Tae-hyung; Company: DNT International; Listing status: Unlisted; Delisting date (if delisted): -; Position: Representative director; Date joined: 2026-08-01; Date left: -; Note: -

- History as largest shareholder of a listed company Name: -; Company: -; Listing status: -; Delisting date: -; Period as largest shareholder (start - end): -; Note: -

2. Key financial matters, etc. (Unit: KRW millions) Relevant fiscal year: fiscal year 2025, settlement month December Total assets: 5,887; Capital stock: 100 Total liabilities: 1,517; Revenue: 457 Total equity: 4,370; Net income/loss for the period: 5 External auditor: -; Whether in suspension of business: No Audit opinion: -; Whether closed down: No

3. Relationship with the listed company concerned - Relationship between the listed company and the largest shareholder (corporation): - - Relationship between officers, etc. of the listed company and the largest shareholder (corporation): Name -; Relationship with the largest shareholder (corporation) -

4. Transactions between the listed company concerned and the largest shareholder (corporation) over the most recent 3 years (excluding ordinary transactions) Category: Transaction details Current year: - Prior year: - Year before that: -