Exchange Announces Preliminary Designation of Daesung Finetek as an Unfaithful Disclosure Corporation

[Asia Economy Reporter Minyoung Kim] The Korea Exchange KOSDAQ Market Headquarters announced on the 3rd that Daesung Finetek has been preliminarily designated as a non-compliant disclosure corporation. The reason is a change of 50% or more in the amount of a single sales supply contract. The deadline for deciding whether to designate it as a non-compliant disclosure corporation is the 30th of this month. If it is finally designated as a non-compliant disclosure corporation and the penalty points imposed are 5 points or more, trading may be suspended for one day. Additionally, if the cumulative penalty points over the past year, including those imposed for this case, reach 15 points or more, the company may be subject to a substantial review of listing eligibility according to the KOSDAQ Market Listing Regulations. The company's penalty points over the past year are 0.0 points.

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