Sigetronics agrees to transfer control to K& International in KRW 4 billion deal

• K&N International agreed on October 29, 2026, to acquire control of Sigetronics through share purchases totaling KRW 4 billion.
• The buyer will acquire 400,000 existing common shares from controlling shareholder Shim Kyu-hwan for KRW 2 billion.
• A KRW 500 million deposit was due at signing; the KRW 1.5 billion balance is payable five days before the shareholder meeting.
• K&N will subscribe for 762,195 new shares for KRW 2 billion on November 9, 2026, subject to a one-year lockup.
• Control will transfer through buyer-designated board appointments at the December 15, 2026, shareholder meeting, followed by appointment of a buyer-nominated chief executive.

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. Sigetronics Inc. 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: 20261029900892), on October 29, 2026, and is solely responsible for the information contained therein.