Announcement • Mar 13
Castec Korea Co.,Ltd, Annual General Meeting, Mar 27, 2026 Castec Korea Co.,Ltd, Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 55, mieumsandan 4-ro, gangseo-gu, busan South Korea Announcement • Mar 13
Castec Korea Co.,Ltd, Annual General Meeting, Mar 31, 2025 Castec Korea Co.,Ltd, Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 55, mieumsandan 4-ro, gangseo-gu, busan South Korea New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩45.5b market cap, or US$31.2m). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (₩50.9b market cap, or US$35.5m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. 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 (10% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (₩53.4b market cap, or US$40.6m). Announcement • Jun 19
Castec Korea Co.,Ltd has completed a Follow-on Equity Offering in the amount of KRW 8.97092 billion. Castec Korea Co.,Ltd has completed a Follow-on Equity Offering in the amount of KRW 8.97092 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,960,000
Price\Range: KRW 1127
Discount Per Security: KRW 169.05
Transaction Features: ESOP Related Offering; Rights Offering New Risk • Apr 16
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 8.2% 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 Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₩28.0b market cap, or US$20.1m). Announcement • Apr 06
Castec Korea Co.,Ltd has filed a Follow-on Equity Offering. Castec Korea Co.,Ltd has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,960,000
Transaction Features: Rights Offering Reported Earnings • Mar 23
Full year 2023 earnings released: ₩988 loss per share (vs ₩379 loss in FY 2022) Full year 2023 results: ₩988 loss per share (further deteriorated from ₩379 loss in FY 2022). Revenue: ₩172.9b (down 5.0% from FY 2022). Net loss: ₩16.1b (loss widened 161% from FY 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Nov 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.8% 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 (2.8% operating cash flow to total debt). Earnings have declined by 39% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩32.3b market cap, or US$25.0m). New Risk • Jun 21
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 8.3% 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 Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₩40.1b market cap, or US$31.0m). Announcement • Jun 09
Castec Korea Co.,Ltd announced that it expects to receive KRW 10 billion in funding Castec Korea Co.,Ltd (KOSDAQ:A071850) announced a private placement of round 6 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on June 8, 2021. The transaction will include participation from Yeong-seok Jeon. The bonds carry 1% coupon rate and 1% yield to maturity and will mature on June 25, 2024. The bonds will be issued at par. The bonds can be 100% converted into 2,767,783 common shares of the company at a fixed conversion price of KRW 3,613 per share. The conversion period is from June 25, 2022 to May 25, 2024. The transaction has been approved by board of directors. The bonds are subject to a lock up period of one year. Is New 90 Day High Low • Feb 05
New 90-day high: ₩4,095 The company is up 28% from its price of ₩3,200 on 06 November 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 51% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩3,865 The company is up 41% from its price of ₩2,735 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: ₩3,630 The company is up 24% from its price of ₩2,930 on 03 September 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 11% over the same period. Announcement • Oct 01
An unknown buyer agreed to acquire unknown stake in Qinhuangdao Castec Industrial Co., Ltd. from Castec Korea Co.,Ltd (KOSDAQ:A071850) for KRW 13.2 billion. An unknown buyer agreed to acquire unknown stake in Qinhuangdao Castec Industrial Co., Ltd. from Castec Korea Co.,Ltd (KOSDAQ:A071850) for KRW 13.2 billion on June 19, 2020. Out of KRW 13.2 billion, CNY 50 million (KRW 8.6 billion) was the fixed component and variable component was KRW 4.7 billion. CNY 5 million (KRW 854.1 million) was paid on the contract date, CNY 15 million (KRW 2.5 billion) will be paid Immediately upon completion of application for registration of fancy change and CNY 30 million (KRW 5.1 billion) will be paid on the day a new business license is issued after registration is completed. Variable component will be remitted within three business days from the date of the foreign exchange notification. As reported on September 29, 2020, there is some change in the payment schedule. CNY 5 million (KRW 854.1 million) was paid on the contract date, CNY 15 million (KRW 2.5 billion) will be paid Immediately upon completion of application for registration of fancy change, CNY 10 million (KRW 1.7 billion) will be paid on the day a new business license is issued after registration is completed and CNY 20 million (KRW 3.4 billion) is to be deposited when depositing a variable amount. Variable component will be remitted within three business days from the date of the foreign exchange notification. The expected date of sales is the expected remittance date of the variable amount agreed upon in the transfer of equity agreement and may be changed by agreement between the parties. The transaction is expected to close on September 29, 2020. As reported on September 29, 2020, the transaction is expected to close on December 31, 2020.