Exchange Announces Preliminary Designation of Engis Technology as an Unfaithful Disclosure Corporation

[Asia Economy Reporter Minji Lee] The Korea Exchange KOSDAQ Market Division announced on the 30th a preliminary notice of designation as an unfaithful disclosure corporation for NGIS Technology due to delayed disclosure of the decision to acquire equity-related bonds (major management matters of a subsidiary). The deadline for deciding whether to designate it as an unfaithful disclosure corporation is July 23, 2020.

Regarding this disclosure, if designated as an unfaithful disclosure corporation and the penalty points imposed are 5 or more, trading may be suspended for one day. NGIS Technology's penalty points for unfaithful disclosure corporations in the past year are 0 points.