Announcement • Sep 18
HLB Co., Ltd. (KOSDAQ:A028300) agreed to acquire HLB SCIENCE Inc. (XKON:A343090) from HLB GLOBAL Co., Ltd. (KOSE:A003580), HLB bioStep Co.,Ltd. (KOSDAQ:A278650), HLB Life Science Co., Ltd. (KOSDAQ:A067630), Yoon Jong-seon and others for KRW 30.9 billion. HLB Co., Ltd. (KOSDAQ:A028300) agreed to acquire HLB SCIENCE Inc. (XKON:A343090) from HLB GLOBAL Co., Ltd. (KOSE:A003580), HLB bioStep Co.,Ltd. (KOSDAQ:A278650), HLB Life Science Co., Ltd. (KOSDAQ:A067630), Yoon Jong-seon and others for KRW 30.9 billion on September 17, 2025. HLB Co., Ltd and HLB SCIENCE Inc will enter into an agreement on September 17, 2025. HLB Co., Ltd. entered into merger agreement to acquire HLB SCIENCE Inc. from HLB GLOBAL Co., Ltd., HLB bioStep Co.,Ltd., HLB Life Science Co., Ltd., Yoon Jong-seon and others on September 18, 2025. The consideration consists of 0.8 million common equity of HLB Co., Ltd. at a ratio of 0.044632 per common equity of HLB SCIENCE Inc. As part of consideration, an undisclosed value is paid towards common equity of HLB SCIENCE Inc. After the completion of this merger, Jin Yang-gon's stake in HLB Co., Ltd., is expected to change from 7.22% to 7.18%.
The approvals of board of directors and general shareholders' meeting of HLB Co., Ltd. and HLB SCIENCE Inc., all requirements required under relevant laws and regulations of the Republic of Korea. The transaction is expected to close on January 1, 2026. New Risk • Aug 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₩30.8b market cap, or US$22.2m). New Risk • Jul 14
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 8.8% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₩28.1b market cap, or US$20.4m). 
