Hyoungji Elite, Delay in Submission of Audit Report

[Asia Economy Reporter Minji Lee] Hyeongji Elite announced on the 17th that the submission and disclosure of the audit report are currently delayed due to the restatement of the previous year's financial statements of its subsidiaries during the audit process of the financial statements for the fiscal year ended June 30.

The company stated, "The shareholders' meeting is scheduled for the 27th, and the audit report must be submitted by the end of this month, but a delay is expected," adding, "We will disclose the audit report as soon as we receive it from the external auditor."