Geumyang has changed the schedule for acquiring shares and investment securities of another company for the exploration and development of a lithium mine in the Democratic Republic of the Congo.

Geumyang announced on the 22nd through a corrective disclosure that the scheduled acquisition date for shares of CHARLIZE RESSOURCES SAS has been changed from the previous September 30, 2026 to December 31, 2026. The reason for the correction is a 'change in the schedule for the third-stage capital payment.'

■ Total Acquisition Amount of 26.7 Billion Won... 60% Stake After Acquisition

According to the disclosure, Geumyang's total acquisition amount is 26.7235 billion won, equivalent to 22.8% of its equity capital of 117.474755607 billion won. The number of shares to be acquired is 1,500, and the stake after acquisition will be 60%. The acquisition method is a cash purchase, and the purpose of the acquisition is 'exploration and development of a lithium mine in the Congo.'

■ Investment Structure Proceeding in Three Stages

This investment will proceed in a total of three stages.

· Stage 1: Investment of $950,000, acquisition of a 20% stake · Stage 2: Investment of $8.5 million, additional acquisition of a 30% stake · Stage 3: Investment of $9.55 million, additional acquisition of a 10% stake

However, if the conditions for each stage are not met, the next stage of investment will not proceed and the contract may be terminated.

■ Third Balance of $6.05 Million... Payment Deadline Extended

Geumyang paid the first third-stage capital of $1.5 million on July 4, 2024. The company subsequently agreed with the counterparty to pay the remaining capital balance of $8.05 million in installments, of which $2 million will be paid first as the second payment, and the remaining third-stage balance of $6.05 million is scheduled to be paid by December 31, 2026. The previous deadline for paying the balance was September 30, 2026.

The total acquisition amount of $19 million stated in the disclosure is the amount that would arise if all contractual conditions are met and the project proceeds through the third stage. Geumyang explained that the acquisition amount may change depending on the progress of the project, and that the details related to the acquisition of shares in the other company may also change during the process.