Lightron Decides to Merge 100% Subsidiary Seyoung Technology via No-Issuance Small-Scale Merger

Lightron decided to absorb its wholly-owned subsidiary Seyoung Technology via a no-issuance small-scale merger, resulting in no dilution for existing shareholders.
The purpose of the merger is to improve management efficiency by reducing unnecessary costs and optimizing human and material resources.
Seyoung Technology is an electronics OEM with total assets of 828 million won, revenue of 2,207 million won, and net loss of 233 million won in the latest fiscal year (2025).
The total number of outstanding shares and capital of Lightron will remain unchanged after the merger. There is no impact on management control.
As a small-scale merger, shareholder approval is replaced by board resolution, and no appraisal rights are granted to shareholders. However, if shareholders holding 20% or more of outstanding shares object, the small-scale merger cannot proceed.
The merger date is scheduled for July 22, 2026.

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