Gridwiz to Absorb Wholly Owned Subsidiary IDR Service

• Gridwiz will absorb its wholly owned subsidiary IDR Service, a power demand management business, effective Jan. 1, 2027.
• The merger aims to consolidate management resources and improve operating efficiency.
• No new shares will be issued or additional cash paid, leaving share capital and ownership unchanged.
• Consolidated financial effects are expected to be limited because IDR Service is already included in the group's accounts.

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. Gridwiz 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: 20261110000178), on November 10, 2026, and is solely responsible for the information contained therein.