Notice in Lieu of a Shareholders' Meeting for the Merger Report

Notice in Lieu of a Shareholders' Meeting for the Merger Report

HANSAE-MK Co., Ltd. completed all required procedures for its absorption-type merger with Hansae Dream Co., Ltd. Pursuant to Article 526(3) of the Commercial Act, the Company reports the progress and completion of the merger by public notice in lieu of holding a separate shareholders' meeting for the merger report.

1. Surviving company: HANSAE-MK Co., Ltd.
2. Disappearing company: Hansae Dream Co., Ltd.
3. Merger ratio: HANSAE-MK 1 : Hansae Dream 0.8598590.
4. New shares issued in the merger: 17,197,180 common shares.

Principal Schedule

• Board resolution approving the merger: April 7, 2022.
• Execution of the merger agreement: April 7, 2022.
• Shareholders' meeting approval: May 25, 2022.
• Creditor objection period: May 26 through June 28, 2022.
• Effective date of the merger: July 1, 2022.
• Board resolution in lieu of the merger-completion report meeting: July 4, 2022.
• Expected merger registration date: July 5, 2022.

Creditor objections: No creditor submitted an objection to the merger.

July 4, 2022
HANSAE-MK Co., Ltd.
Representative Director Kim Ji-won

This English translation is provided for reference. In the event of any discrepancy, the Korean original shall prevail.