Daegwang reduces MOBILE APPLIANCE stake from 10.71% to 2.76% via forced sale, changes largest shareholder

Filer Daegwang reduced its stake in MOBILE APPLIANCE from 3,486,210 shares (10.71%) to 898,000 shares (2.76%), a decrease of 2,588,210 shares (7.95%p)
Reason: forced sale on the open market due to a margin call on a stock-backed loan (May 14-15, 2026; sale prices: 1,857 KRW and 1,604 KRW)
As a result, Daegwang lost its status as the largest shareholder (change of largest shareholder)
Daegwang continues to pledge the remaining 898,000 shares under a collateral agreement (maintenance ratio 165%, annual interest rate 12%)

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