Cheongbo to Absorb Wholly Owned Subsidiary Cheongbo Energy

• Cheongbo will absorb its wholly owned subsidiary Cheongbo Energy, an electric commercial vehicle wholesaler and retailer, on Jan. 14, 2027.
• The merger involves no new shares or other consideration, leaving the parent's ownership structure unchanged.
• The transaction aims to improve management efficiency and strengthen competitiveness by integrating the subsidiary's operations.

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. Cheongbo 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: 20261110000396), on November 10, 2026, and is solely responsible for the information contained therein.