Daedong Delays Daedong Mobility Share Acquisition to Dec. 15

• Daedong corrected its planned Daedong Mobility acquisition date to Dec. 15, 2026, from Oct. 26, 2026.
• Acquisition costs rose to KRW 33.95 billion from KRW 33.89 billion, reflecting higher related expenses from the delay.
• The purchase now represents 5.25% of equity, up from 5.24%.
• The acquisition remains at 1,740,376 convertible preferred shares, bringing ownership to 50.83% to strengthen subsidiary control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daedong Corp. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261026800779), on October 26, 2026, and is solely responsible for the information contained therein.