EdisonEV Designated as a Non-Compliant Disclosure Corporation

[Asia Economy Reporter Han Jinju] EdisonEV announced on the 14th that it has been designated as an unfaithful disclosure corporation due to accumulating 15 or more penalty points over the past year for reversing disclosures. EdisonEV reversed eight disclosures, including the termination of the M&A investment contract with Ssangyong Motor, withdrawal of a paid-in capital increase, and cancellation of convertible bond issuance decisions.

EdisonEV stated, "As a reason for being subject to a substantive review of listing eligibility has occurred, the suspension period of stock trading has been changed from after the improvement period to until the decision on whether it is subject to the substantive review of listing eligibility."