Board Change • Jun 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 21
First quarter 2026 earnings released: ₩41.00 loss per share (vs ₩34.00 loss in 1Q 2025) First quarter 2026 results: ₩41.00 loss per share (further deteriorated from ₩34.00 loss in 1Q 2025). Revenue: ₩7.81b (up 15% from 1Q 2025). Net loss: ₩3.50b (loss widened 20% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. New Risk • May 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.8b (US$92.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-₩19b free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risk Market cap is less than US$100m (₩138.8b market cap, or US$92.8m). New Risk • Mar 27
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: -₩19b 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 (-₩19b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (₩70.5b market cap, or US$46.6m). New Risk • Feb 24
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 10% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩38.8b market cap, or US$26.9m). Announcement • Feb 13
GIGALANE Co.,Ltd., Annual General Meeting, Mar 27, 2026 GIGALANE Co.,Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 61, dongtansandan 10-gil, gyeonggi-do, hwaseong South Korea New Risk • Jan 02
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 8.6% 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: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₩49.7b market cap, or US$34.4m). Announcement • Feb 13
GIGALANE Co.,Ltd., Annual General Meeting, Mar 27, 2025 GIGALANE Co.,Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 61, dongtansandan 10-gil, gyeonggi-do, hwaseong South Korea 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 Risk Market cap is less than US$100m (₩47.3b market cap, or US$32.9m). New Risk • Mar 19
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 10% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩72.3b market cap, or US$54.0m). New Risk • Jul 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩118.2b (US$93.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (₩118.2b market cap, or US$93.1m). Buying Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock is up 68%. The fair value is estimated to be ₩2,588, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 80%. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,455, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Semiconductor industry in South Korea. Total loss to shareholders of 31% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day low: ₩2,095 The company is down 5.0% from its price of ₩2,205 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩2,860 The company is up 47% from its price of ₩1,950 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: ₩2,310 The company is up 31% from its price of ₩1,765 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Semiconductor industry, which is also up 31% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: ₩2,075 The company is up 104% from its price of ₩1,015 on 06 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₩2,070 The company is up 86% from its price of ₩1,115 on 08 July 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 Semiconductor industry, which is up 3.0% over the same period. Announcement • Aug 08
GIGALANE Co.,Ltd. announced that it has received KRW 7 billion in funding On August 7, 2020, GIGALANE Co.,Ltd. (KOSDAQ:A049080) closed the transaction. Announcement • Jul 31
GIGALANE Co.,Ltd. announced that it expects to receive KRW 7 billion in funding GIGALANE Co.,Ltd. (KOSDAQ:A049080) announced a private placement of series 18 convertible bonds for gross proceeds of KRW 7,000,000,000 on July 30, 2020. The transaction will include participation from Ideal Private Equity 1. The bonds are redeemable, will be issued at par, bear fixed coupon rate of 1%, yield to maturity is 4%, will mature on August 7, 2023, and are fully convertible into 6,266,786 common shares, representing 11.99% stake, at a fixed conversion price of KRW 1,117 per share from August 7, 2021 to July 7, 2023. The transaction has been approved by the board of directors of the company. The subscription date of the transaction is July 30, 2020, and the payment date is August 7, 2020.