Seoryong Electronics Enters Shareholder Agreement with Pinger, Secures Right to Appoint 2 Directors and 1 Auditor

Seoryong Electronics Co., Ltd. entered into a shareholder agreement with Park Min-soo, a shareholder of Pinger Inc., on May 4, 2026.
Under the agreement, Pinger's board will consist of three directors; Seoryong Electronics has the right to appoint two directors and one auditor.
Park Min-soo has the right to appoint one director, and voting rights must be exercised in accordance with the contract terms.
After two years from the contract date, Park Min-soo can exercise a put option to sell his shares to Seoryong Electronics, which also has a first refusal right.
Eight individuals including Park Min-ju and Ahn In-ju reported for the first time due to a change in the joint reporting representative; the acquisition cost was calculated using the previous day's closing price (May 8, 2026).

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