Woongjin has passed the Korea Fair Trade Commission's review and will officially transition to a holding company structure starting next year.

Woongjin announced on the 15th through a regulatory filing that it received a notification of the review results from the Korea Fair Trade Commission confirming that it meets the requirements for a holding company under the Monopoly Regulation and Fair Trade Act as of December 31, 2025. Accordingly, the holding company conversion date is January 1, 2026, and the target company for the holding company is Woongjin Co., Ltd.

■ Inclusion of 6 Subsidiaries

• Woongjin's subsidiaries have been confirmed at a total of six companies. The shareholding status is as follows:
• Woongjin Think Big: 59.73%
• Woongjin Playdoci: 80.26%
• Lexfield Country Club: 66.67%
• Woongjin Hukam: 50.82%
• Woongjin Eversky: 75.63%
• WJ Life Holdings: 100% (wholly-owned subsidiary)

■ 3 Grand-Subsidiaries and Great-Grand-Subsidiary

There are three grand-subsidiaries. Woongjin Think Big holds 73.00% of Woongjin Booksen and 95.86% of Woongjin Compass, respectively, while WJ Life Holdings owns 100% of WJ Life.

Woongjin Free Life has been included as a great-grand-subsidiary. Woongjin's grand-subsidiary, WJ Life, holds a 74.81% stake in Woongjin Free Life.

■ Background of Conversion and Future Plans

Woongjin explained that following the establishment of and investment in a new corporate entity in 2025 for the purpose of acquiring shares in other corporations, the value of its held shares increased through additional acquisitions of shares in other corporations and the inclusion of affiliated companies. As a result, the company met all requirements for establishing a holding company under the Fair Trade Act as of December 31, 2025.

However, the company plans to resolve any violations of Article 18 (behavioral restrictions) of the Fair Trade Act concerning the holding company, subsidiaries, grand-subsidiaries, and great-grand-subsidiaries within two years from the conversion date of January 1, 2026. It added that, if necessary, it may apply for an extension of the grace period in accordance with Article 18, Paragraph 6 of the same Act.

The fact-confirmation date for this filing is June 15, 2026, the date on which the company received the official notification of the review results from the Korea Fair Trade Commission.