New Risk • Aug 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩13b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩13b free cash flow). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩85.8b market cap, or US$61.9m). Announcement • Mar 13
AJUSTEEL Co.,Ltd, Annual General Meeting, Mar 26, 2026 AJUSTEEL Co.,Ltd, Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 321, 4gongdan-ro, gyeongsangbuk-do, gumi South Korea Announcement • Jan 27
AJUSTEEL Co.,Ltd announced that it expects to receive KRW 2.89154715 billion in funding AJUSTEEL Co.,Ltd announced a private placement of series 20 unsecured private equity convertible bonds with bearer rights for a gross proceeds of KRW 2,891,547,150 on January 26, 2026. The transaction will include participation from new investors Solon New Technology Association No. 20 for KRW 1,491,547,150; Hancom Value Investment Co., Ltd. for KRW 500,000,000; Nextera Investment Trust Co., Ltd. for KRW 100,000,000; Nine Tree Investment Trust Co., Ltd. for KRW 100,000,000; Seoul Asset Mezzanine KOSDAQ Venture General Private Equity Trust No. 2 for KRW 200,000,000; Fine Value KOSDAQ Venture M Plus No. 1 General Private Equity Investment Trust for KRW 500,000,000. The bonds will mature on February 6, 2031. The bonds will be 100% converted into 877,820 common shares at a fixed conversion price of KRW 3,294 per share for an equity stake of 2.27%. The conversion period is from February 13, 2026 to January 6, 2031. The payment date of the transaction is February 6, 2026. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.