UDMTEK Co., Ltd. (“Company A”), at its Extraordinary General Meeting of Shareholders held on September 25, 2024, and Daishin Balance No. 13 Special Purpose Acquisition Company (“Company B”), at its Extraordinary General Meeting of Shareholders held on September 25, 2024, each resolved to merge.
As a result, Company A will merge with Company B, succeeding to all rights and obligations of Company B, with Company A as the surviving entity and Company B to be dissolved. In connection with this, it was resolved to issue and allocate 7,519,999 shares of Company A’s common stock (par value KRW 100 per share) in exchange for 5,640,000 shares of Company B’s common stock (par value KRW 100 per share).
Accordingly, shareholders holding share certificates are requested to submit them for the purpose of the share consolidation (or split), and any creditors who have objections to this merger are requested to submit their objections to both Company A and Company B within one month from the day following the date of this notice.
September 25, 2024
(Company A) UDMTEK Co., Ltd.
91, Changnyong-daero 256beon-gil, Yeongtong-gu, Suwon-si, Gyeonggi-do, 14th Floor, Suites 1405, 1406, 1407, 1408
(Ace Gwanggyo Tower 2, Iui-dong)
CEO Wang Ji-nam
(Company B) Daishin Balance No. 13 Special Purpose Acquisition Company
343, Samil-daero, Jung-gu, Seoul (DaeShin Finance Center, Jeodong 1-ga)
CEO Han Yang-hyun