Ascendio revises payment schedule for purchase of Vallacompany stake to include interim installment

• Ascendio corrected terms for its KRW 7.5 billion acquisition of 100% of Vala Company.
• Payment schedule revised to KRW 2.5 billion deposit paid Sept. 29, KRW 2 billion interim payment Oct. 13, KRW 3 billion balance Dec. 15.
• Ownership transfer changed to occur when the interim payment is completed, rather than at final closing.

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. Ascendio Co. Ltd. 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: 20261013000417), on October 13, 2026, and is solely responsible for the information contained therein.