Foster Electric launches offer to take ESTec private at 24,000 won per share

• Foster Electric's wholly owned FFEK launched an offer for ESTec's remaining publicly held common shares, seeking full ownership and delisting.
• The offer targets 3,019,087 shares, or 27.67% of issued shares, at KRW 24,000 each, totaling KRW 72.46 billion.
• The price represents a 57.4% premium to the November 10 closing price.
• The offer runs November 11–December 11, 2026, with settlement December 15; FFEK will buy all tendered shares without a minimum threshold.
• Full acceptance would raise combined ownership to 77.09% of issued shares, excluding treasury shares representing the remaining stake.

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. ESTec Corporation 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: 20261111000001), on November 11, 2026, and is solely responsible for the information contained therein.