Samyung ENC reorganization plan wins court approval in South Korea

• Busan Rehabilitation Court confirmed a reorganization plan for Samyung ENC on Sept. 29, 2026.
• Secured loan claims to be repaid 100% in cash; post-commencement interest waived.
• Most unsecured claims to convert 83.92% into equity; remaining 16.08% paid in cash; post-commencement interest waived.
• Existing shares to be consolidated 4-for-1; 80% of related-party holdings to be cancelled without compensation.
• Five Ocean to subscribe to 20,000,000 new common shares at KRW 500 each, raising KRW 10 billion via paid-in capital increase.

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. Samyung ENC 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: 20260930900255), on September 30, 2026, and is solely responsible for the information contained therein.