Woosung Updates Merger Disclosure as Shareholder Amends Injunction Request

• Woosung corrected its merger disclosure on October 22, 2026, to reflect amended shareholder injunction requests targeting its merger with Woosung Distribution.
• The amended request seeks to block October 29 shareholder votes on the merger contract and treasury-share disposal plan.
• It also seeks to prohibit treasury-share transfers to Woosung Distribution shareholders; alternatively, it seeks voting restrictions on two shareholders.
• A court injunction could delay or derail the merger, scheduled for December 1, 2026.
• The company maintains the merger complies with applicable laws and plans to contest the injunction through legal proceedings.

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. Woosung 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: 20261022000513), on October 23, 2026, and is solely responsible for the information contained therein.