New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩153.4b (US$99.9m) 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 (-₩5.9b free cash flow). Earnings have declined by 55% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩153.4b market cap, or US$99.9m). Announcement • Mar 17
POONGWON PRECISION CO.,Ltd., Annual General Meeting, Mar 31, 2026 POONGWON PRECISION CO.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 24, sandan-ro 35beon-gil, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Feb 05
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩19b free cash flow). Earnings have declined by 63% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Aug 28
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: -₩18b 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 (-₩18b free cash flow). Earnings have declined by 71% per year over the past 5 years. Announcement • May 08
POONGWON PRECISION CO.,Ltd. announced that it expects to receive KRW 4.999995439 billion in funding POONGWON PRECISION CO.,Ltd announced a private placement to issue Zero Coupon Series 3 Unsecured Private Placement Convertible Bonds due May 16, 2030 for gross proceeds of KRW 4,000,000,000 and 81,987 Registered Convertible Preferred Stock at an issue price of KRW 12,197 per share for gross proceeds of KRW 999,995,439; aggregate gross proceeds of KRW 4,999,995,439 on May 7, 2025 . The transaction will include participation from new investor AOA- Bilanx Portos Investment Fund No. 2. The transaction has been approved by shareholders, restricted to a hold period expected to close on May 16, 2025, 100% convertible into 327,949 shares at a fixed conversion price of KRW 12,197 from May 15, 2026 to April 16, 2030, bears zero coupon rate, 2% maturity rate and matures on May 16, 2030.
Registered Convertible Preferred Stock - The transaction will include participation from new investor AOA- Bilanx Portos Investment Fund No. 2. The transaction has been approved by shareholders, restricted to a hold period expected to close on May 15, 2025, 100% convertible into 81,987 shares at a fixed conversion price of KRW 12,197 from May 16, 2026 to April 16, 2035 and matures on May 16, 2035. Announcement • Mar 15
POONGWON PRECISION CO.,Ltd., Annual General Meeting, Mar 28, 2025 POONGWON PRECISION CO.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 24, sandan-ro 35beon-gil, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Mar 12
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 9.0% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩21b free cash flow). Earnings have declined by 77% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (14% average weekly change). Announcement • Jun 21
POONGWON PRECISION CO.,Ltd. announced that it expects to receive KRW 20 billion in funding from Samsung Venture Investment Corporation POONGWON PRECISION CO.,Ltd announced a private placement to issue Zero Coupon Series 2 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds due June 21, 2029 for the gross proceeds of KRW 20,000,000,000 on June 19, 2024. The transaction will include participation from new investors AOA-Hi D'Artagnan Investment Fund 1 for KRW 15,000,000,000 andSVIC No.59 New Technology Business Investment Fund for KRW 5,000,000,000. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 21, 2024. The bonds are 100% convertible into 1,880,759 shares at a fixed conversion price of KRW 10,634 from June 21, 2025 to May 21, 2029. The bonds bear zero coupon rate, 2% maturity rate and is matures on June 21, 2029. Reported Earnings • May 19
First quarter 2024 earnings released: ₩276 loss per share (vs ₩183 loss in 1Q 2023) First quarter 2024 results: ₩276 loss per share (further deteriorated from ₩183 loss in 1Q 2023). Revenue: ₩12.8b (up 4.3% from 1Q 2023). Net loss: ₩5.80b (loss widened 51% from 1Q 2023). New Risk • Apr 12
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue has declined by 4.1% over the past year. New Risk • Jan 18
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 8.7% 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 Revenue has declined by 4.9% over the past year. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩130.9b (US$97.2m) 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 Risk Revenue has declined by 4.9% over the past year. Minor Risk Market cap is less than US$100m (₩130.9b market cap, or US$97.2m). New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.3b (US$99.6m) 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 Risk Revenue has declined by 9.3% over the past year. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩135.3b market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩12,260, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩9,750, the stock trades at a trailing P/E ratio of 42.3x. Average forward P/E is 10x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩13,400, the stock trades at a trailing P/E ratio of 47.3x. Average forward P/E is 9x in the Electronic industry in South Korea. 