[E-Daily Reporter Kim Hyung-il ] FINETEK CO., LTD.(131760)announced on the 16th that it had released a Seohan outlining measures to enhance corporate value and its future business direction in light of its recent designation as a “monitored stock.”

In the Seohan posted on its website, FINETEK CO., LTD. explained that due to rapid changes in the market environment—including the recent tightening of listing maintenance requirements and the concentration of capital within the market—the technological capabilities and intrinsic business value it has built up over time have not been fully reflected in its stock price. The company added that it intends to use the current difficulties as a turning point to strengthen its corporate foundation.

To exit the “under observation” status and enhance corporate value, FINETEK CO., LTD. plans to pursue the following: △ strengthening the competitiveness of core businesses, △ securing new growth engines, △ improving its financial structure, and △ restoring shareholder communication and market trust.

First, the company will focus on strengthening the competitiveness of its core businesses, such as display equipment. Following the recent securing of an order worth approximately 20 billion won for core organic light-emitting diode (OLED) bonding equipment, the company’s strategy is to reinforce its business foundation by entering new equipment markets, developing robots, securing new clients, and expanding into overseas markets.

The company will also take parallel measures to improve its financial structure and meet the requirements for maintaining its listing status. FINETEK CO., LTD. plans to do its utmost to promptly resolve the grounds for its designation as a “managed stock” and swiftly meet the requirements for maintaining its listing through the sale of non-operating assets and the activities of a task force (TFT) aimed at improving profitability.

The company will also strengthen communication with shareholders and the market. It plans to continuously disclose key business progress and financial improvement plans through investor relations (IR) activities and maintain more transparent communication so that shareholders can accurately assess the company’s current and future prospects.

Kang Won-il, CEO of FINETEK CO., LTD., stated, “While we take the reality of being designated as a ‘monitored stock’ very seriously, we are focusing on enhancing corporate value by strengthening our business competitiveness and improving our financial structure.” He added, “We intend to repay our shareholders’ trust through improved performance and the restoration of shareholder value, and we will do our utmost to ensure these efforts translate into tangible results.”