Kwangmu

029480 · KOSDAQ · Information Technology · SMALL CAP

Completion report on merger, etc. (asset transfer)

Kwangmu Co., Ltd. completed its acquisition of 100% (60,000 shares) of Ubiz Solution Co., Ltd. for US$22.7M, with the final payment and share transfer completed on 2026-09-29.

M&A(Completion report on merger, etc. (asset transfer))· FILED 2026-09-29· RCEPT 20260929000655

What happened

Completion report on merger, etc. (asset transfer) To the Governor of the Financial Supervisory Service September 29, 2026 Company name: Kwangmu Co., Ltd. CEO: Woo Seung-yong Head office address: 7th floor, 312 Yeongdong-daero, Gangnam-gu, Seoul (Daechi-dong) (Phone) 02-3459-0500 (Website) http://www.kwangmu.co.kr Preparer: (Title) Executive Vice President (Name) Ko Byung-hyun (Phone) 02-3459-0500

I. Schedule This report is the completion report on the material event report (decision to acquire shares and equity securities of another company) filed September 9, 2026. This stock acquisition involves acquiring all 60,000 shares (100%) issued by Ubiz Solution Co., Ltd., for an acquisition price of KRW 30,700,020,000; the Company reports that this transaction was completed upon the acquisition of the shares and payment of the transfer price on September 29, 2026.

1. Overview of the transaction - Issuing company: Ubiz Solution Co., Ltd. - Transferor: Ji Mi-suk and 9 others - Transferee: Kwangmu Co., Ltd. - Asset subject to transfer: 60,000 common shares (100%) of Ubiz Solution Co., Ltd. - Transaction price: KRW 30,700,020,000

2. Details - Down payment: transaction date September 9, 2026; amount KRW 2,609,501,700; note - - Balance: transaction date September 29, 2026; amount KRW 28,090,518,300; note - - Total: KRW 30,700,020,000

3. Major schedule - External valuation period: July 1, 2026 to September 8, 2026; note: accounting firm - Board resolution date: September 9, 2026 - Material event report filing date: September 9, 2026 - Payment date: September 9, 2026 (down payment); September 29, 2026 (balance) - Transaction completion date: September 29, 2026 (share acquisition and balance payment)

II. Changes in major shareholder's equity stake: Not applicable III. Exercise of appraisal rights: Not applicable IV. Matters concerning creditor protection: Not applicable V. Status of related litigation: Not applicable VI. Matters concerning new share allotment, etc.: Not applicable

VII. Summary financial information before and after the [merger, etc.] (KRW million) - Current assets: before 201,268; change (700); after 200,568 - Non-current assets: before 79,959; change 30,700; after 110,659 - Total assets: before 281,227; change 30,000; after 311,227 - Current liabilities: before 15,990; change 30,000; after 45,990 - Non-current liabilities: before 21,784; change -; after 21,784 - Total liabilities: before 37,775; change 30,000; after 67,775 - Capital stock: before 31,818; change -; after 31,818 - Capital surplus: before 115,186; change -; after 115,186 - Retained earnings: before 96,006; change -; after 96,006 - Accumulated other comprehensive income: before 59; change -; after 59 - Other capital items: before 384; change -; after 384 - Non-controlling interests: before -; change -; after - - Total equity: before 243,452; change -; after 243,452 - The "before the stock acquisition" figures above are based on the consolidated financial statements as of the end of June 2026. - The financial information above reflects only the changes related to this asset acquisition, calculated from the pre-acquisition financial statements, and may differ from the actual figures in the financial statements.

Filed2026-09-29, Completion report on merger, etc. (asset transfer)
SourceDART rcept 20260929000655 → open original filing

Source: DART. Information only, not investment advice.

For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-09-29 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).