Seojin System corrects its disclosure on the share pledge agreement of largest shareholder and CEO Jeon Dong-gyu, with the total debt amount and the number of pledged shares changed.

Seojin System disclosed on November 2, 2026 that it had corrected the share pledge agreement terms of largest shareholder and CEO Jeon Dong-gyu. The reasons for the correction are partial repayment and extension of share-backed loans and an increase in the number of pledged shares. The total debt amount and the total pledged amount are lower than before the correction, while the cumulative total of pledged shares is higher. The company said that agreement No. 12 involved 3,500,000 shares pledged to secure damages liabilities under the shareholders' agreement with Stick Sequoia Holdings Co., Ltd. and debt owed to that company.

1. 01

   The correction amends the disclosure submitted on October 30, 2026 and was filed on November 2, 2026. The reasons for the correction are partial repayment and extension of share-backed loans and an increase in the number of pledged shares.

2. 02

   For the Hyundai Motor Securities transaction, the pledged amount changed from KRW 18 billion to KRW 14 billion, and the number of pledged shares changed from 507,044 shares to 486,957 shares. The pledge period has been corrected from August 3, 2026 through November 2, 2026 to November 2, 2026 through February 1, 2027.

3. 03

   For item 11 with KB Securities, the number of pledged shares has been corrected from 800,000 shares to 901,772 shares.

4. 04

   The signing date of the pledge agreement for this item has been corrected from October 30, 2026 to November 2, 2026. The company said this reflects the date of the agreement correction.

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

Total debt (borrowing) amount

Before correction KRW 71.3 billion → After correction KRW 69.3 billion

Total pledged amount

Before correction KRW 251.78 billion → After correction KRW 247.78 billion

Cumulative total of pledged shares

Before correction 7,161,279 shares → After correction 7,242,964 shares

Shares owned and stake if all pledges are enforced

Before correction 2,807,009 shares (4.40%) → After correction 2,725,324 shares (4.28%)

Shares owned and stake as of disclosure date

9,968,288 shares (15.64%)

Cumulative number of pledge agreements

12 agreements

Filing facts

Filing type

Change of Largest Shareholder

Report name

[Amended] Share Pledge Agreement Involving a Change of Largest Shareholder

Filed

Nov 2, 2026

Receipt number

20261102900803