Korea Exchange Decides DiArc Subject to Substantive Review for Listing Eligibility

[Asia Economy Reporter Lee Jung-yoon] The Korea Exchange KOSDAQ Market Division announced on the 12th that after reviewing the possibility of delisting Diark, it has decided to subject the company to a substantive examination of listing eligibility.

Accordingly, the examination schedule and procedures will be notified to the company, and within 20 days from the notification date, the Corporate Evaluation Committee will deliberate and decide whether to delist the company or grant a period for improvement. If a management improvement plan is submitted within 15 days from the notification date, the Corporate Evaluation Committee will deliberate and decide on delisting or granting an improvement period within 20 business days from the submission date.

Furthermore, if the Corporate Evaluation Committee recognizes the company's listing eligibility after deliberation, related matters such as lifting the suspension of trading of the company's stock will be notified. If the committee's decision corresponds to granting an improvement period, after the improvement period ends, the committee will again deliberate and decide on delisting. If the committee's decision corresponds to delisting, the Market Committee will deliberate and finalize the decision on the company's delisting or granting an improvement period.

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