Announcement • Jul 24
Daiyang Metal Co., Ltd. announced that it expects to receive KRW 2 billion in funding from Pepper Savings Bank Co.,Ltd. Daiyang Metal Co., Ltd. announced a private placement of Series 25 Domestic bearer-type interest-bearing unsecured private placement convertible bonds to raise gross proceeds of KRW 2,000,000,000 on July 23, 2026. The transaction involves participation from new investor Pepper Savings Bank Co.,Ltd. The Bonds are 100% convertible into 1,073,537 Common Shares at a conversion price of KRW 1,863 and the conversion period will start from July 31, 2027 till June 30, 2029. The Bonds carry 7% coupon rate and 7% maturity interest rate and will mature on July 31, 2029. The transaction has been approve by Board of Directors of the company. The security being issued is on a hold period for 1 year. The transaction is expected to close on July 31, 2026. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,110, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Metals and Mining industry in South Korea. Total loss to shareholders of 43% over the past three years. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩90.8b market cap, or US$59.1m).