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| HUMAX Networks, Merger Notice | ||
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 Notice on Submission of Share Certificates and Objections by Shareholders and Creditors Notice is hereby given to all shareholders and creditors that Humax Networks, Inc. (“Party A”) and Superhero Patterns, Inc. (“Party B”), respectively, resolved at their extraordinary general meetings of shareholders held on November 6, 2026, that Party A shall absorb and merge with Company B, assuming all of its rights and obligations of Party B, and Party B shall be dissolved, under the following terms:
- DETAILS -
1. Method of Merger
Party A shall absorb and merge with Party B, with Party A continuing as the surviving entity, while Party B shall be dissolved.
2. Merger Ratio
1 share of the dissolving entity (Party B): 0.0702699 shares of the surviving entity (Party A).
In exchange for 132,533,000 common shares of Party B (par value: KRW 1,000 per share), 9,313,081 common shares of Party A (par value: KRW 1,000 per share) shall be allocated and delivered (delivered via 9,305,542 existing treasury common shares of Party A, along with 7,539 newly issued common shares).
3. Merger Closing Date: December 31, 2026
4. Submission of Share Certificates and Creditor Objections
As a result of this merger, the share certificates of Party B will become null and void. Accordingly, all shareholders holding share certificates of Party B are requested to submit their old share certificates to Party B within one (1) month from the day following the date of publication of this notice.
Any creditors who have objections to this merger are requested to submit their objections in writing to Party A or Party B within one (1) month from the day following the date of publication of this notice. November 9, 2026
Surviving Entity (Party A): HUMAX Networks, Inc.
7F, HUMAX Village, 216 Hwangsaeul-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Republic of Korea
Representative Director: Chang Ying
 Dissolving Entity (Party B): Superhero Patterns, Inc.
166 Gosan-ro, Gunpo-si, Gyeonggi-do, Republic of Korea
Representative Director: Chang Ying
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