The company said the Audit Committee of its Board of Directors decided to delay the filing of its Annual Report for the fiscal year ended June 30, 2024, and that it has also formed a committee to review its internal controls and other matters.

1. 01

   The company said the Audit Committee of its Board of Directors decided to delay the filing of its Annual Report for the fiscal year ended June 30, 2024, and that it has also formed a committee to review its internal controls and other matters.

2. 02

   The company said that, when it announced the decision to delay the Annual Report filing, it indicated that based on the work done so far, it does not anticipate any material changes in its Q4 or fiscal 2024 financial results, the company explained.

3. 03

   The company said its revenue for fiscal 2024 more than doubled year over year, which is more than 3 times the industry average. It said it has shipped approximately 2,000 DLC liquid-cooled AI racks to customers, which it believes is more than 75% of the DLC liquid-cooled AI server market this calendar year.

4. 04

   The company said a short-seller hedge fund report contains false or inaccurate statements about the company, as well as misleading presentations of information it has previously shared publicly. It said it will address these statements in due course.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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