Huons Decides to Absorb Affiliate Huons Lab, Appraisal Right Price at 32,886 Won

Huons decided to absorb its unlisted affiliate Huons Lab. Purpose: business integration and synergy.
Appraisal right purchase price: Huons 32,886 won per share (simple average of weighted average prices over recent 2 months, 1 month, 1 week); Huons Lab 14,500 won per share (merger price).
Merger requires special resolution at shareholders' meeting. If total appraisal amount exceeds 30 billion won (Huons) or 4 billion won (Huons Lab), board may cancel merger.
Special committee of outside directors and external advisors (law firm, accounting firm) reviewed and confirmed fairness and procedural appropriateness.
Merger ratio based on external valuation, but specific figures not disclosed in this filing.
Recent stock price uptrend: closing at 34,800 won on May 15, 2026, above the appraisal price of 32,886 won.

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