Newintech (012340) has entered the delisting procedure on the KOSDAQ market due to its subpar stock price.

The Korea Exchange's KOSDAQ Market Division announced on the 22nd that the reason for Newintech's delisting was its failure to meet the stock price requirement. The applicable provisions are Articles 23 and 54 of the KOSDAQ Market Listing Rules.

■ Trading Suspended from the 23rd... Liquidation Trading Schedule to Be Announced Later

Accordingly, trading of Newintech shares will be suspended from the 23rd. The reasons for the trading suspension are the occurrence of the delisting event and investor protection, and no end date has been set.

The start and expiration dates of liquidation trading, as well as the delisting date, have not yet been confirmed. The Korea Exchange will announce the relevant schedule later.

■ 22,044,793 Common Shares Subject to Delisting... Lead Manager SK Securities

Newintech was listed on the KOSDAQ market on February 12, 1997. The shares subject to delisting are 22,044,793 common shares with a par value of 500 won per share. The listing sponsor is SK Securities.

Investors must check subsequent disclosures for the liquidation trading schedule and whether trading will be possible.

[This article is intended to provide information for investment reference and does not recommend the purchase or sale of any specific stock. Content may vary depending on market conditions. Investment decisions and any resulting responsibility rest with the investor. This publication bears no legal or financial liability. AI provided partial assistance.]