Exchange Announces Preliminary Designation of Gwangmyeong Electric as a Delinquent Disclosure Corporation

The Korea Exchange KOSPI Market Division announced on the 2nd that it plans to designate Gwangmyeong Electric as a non-compliant disclosure corporation.

Gwangmyeong Electric did not disclose a correction despite the occurrence of a correction fact after the announcement on September 26 regarding a major management matter related to investment decisions (execution of a stock transfer agreement involving a change of the largest shareholder).

Gwangmyeong Electric can file an objection by the 13th.

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