Board Change • Jun 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Executive Director JaeHyeong Jung is the most experienced director on the board, commencing their role in 2023. Independent Outside Director SangHoon Noh was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 11
Uni-Chem Co., Ltd. announced that it expects to receive KRW 5 billion in funding from JH People CO., Ltd Uni-Chem Co., Ltd. announced a private placement to issue 10,000,000 shares at an issue price of KRW 5,000,000,000 on June 10, 2026. The transaction will include participation from returning investor JH People CO., Ltd. The transaction has been approved by shareholders, expected to close on July 10, 2026. New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 68% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩47.7b market cap, or US$31.8m).