Aekyung Chemical said in a filing on October 26, 2026 that its board has decided to carry out a small-scale merger absorbing its subsidiary Gwangju Investment Development Co., Ltd.

Aekyung Chemical will absorb its 100%-owned subsidiary Gwangju Investment Development Co., Ltd. in the merger, and the board resolution date was October 26, 2026, the company said. The company said the purpose of the merger is to improve management efficiency and strengthen business competitiveness. The merger date is scheduled for January 1, 2027, and the merger registration is expected on January 5, 2027. The company said these are expected schedules as of the filing date and may change depending on approvals and other circumstances.

1. 01

   Aekyung Chemical will absorb Gwangju Investment Development Co., Ltd. in the merger. Aekyung Chemical will be the surviving company, and Gwangju Investment Development Co., Ltd. will be the extinguished company.

2. 02

   Aekyung Chemical holds 100% of the shares of Gwangju Investment Development Co., Ltd., so no new shares will be issued in the merger. The merger ratio was calculated at 1.0000000 to 0.0000000.

3. 03

   The merger will proceed as a small-scale merger under Article 527-3 of the Commercial Act, so shareholders will not have appraisal rights, and board approval will replace shareholder meeting approval. However, if shareholders holding 20 or more of every 100 outstanding shares notify the company in writing of their objection within 2 days from the merger notice date, the merger cannot proceed as a small-scale merger.

4. 04

   The company said the purpose of the merger is to improve management efficiency and strengthen business competitiveness. The company also said that no restructuring matters after the merger have been decided.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Merger ratio (Aekyung Chemical : Gwangju Investment Development)

1.0000000 : 0.0000000

Merger date

January 1, 2027

Expected merger registration date

January 5, 2027

Creditor objection period

November 27, 2026 ~ December 29, 2026

Total assets of subsidiary

KRW 154.7 billion

As a share of controlling company's consolidated total assets

11.09%

Filing facts

Filing type

Merger

Report name

Decision on Merger (Subsidiary)

Filed

Oct 26, 2026

Receipt number

20261026800697