Gridwiz Subsidiary IDR Service to Dissolve in Merger With Parent

• Gridwiz will absorb subsidiary IDR Service, which will cease to exist when the merger takes effect.
• The merger is scheduled for Jan. 1, 2027, with effectiveness subject to registration.
• IDR Service's chief executive decided on the merger on Nov. 10, 2026.
• The power demand management subsidiary held KRW 29.14 billion in assets at end-2025, representing 15.45% of its parent's consolidated assets.

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: 20261110900347), on November 10, 2026, and is solely responsible for the information contained therein.