Korea Topton Co., Ltd. Issues Unified Share Certificates and Passes External Audit Standards "Accelerating Institutional Listing"

- Korea Topton Issues Registered Shares via Kookmin Bank and Passes External Audit Standards
- Expanding Domestic Market Share and Aggressive Overseas Investment... Expected Sales of 30 Billion KRW Next Year

With 40 years of tradition in audio equipment and speaker manufacturing, Korea Topton Co., Ltd. (CEO Lim Dae-jung, Ahn Man-soo) announced plans to accelerate its initial public offering (IPO) for formal market listing, leveraging the issuance of unified stock certificates through Kookmin Bank and passing external audit adequacy standards.

Unified stock certificates are a system designed to enhance user convenience and transaction stability. Under the certification of the Korea Securities Depository, this system allows a credible third-party transfer agent to handle stock-related tasks for securities investors, thereby ensuring investor rights protection, reducing issuing company expenses, and improving securities market efficiency.

Founded in 1986, Korea Topton was the first domestic electronics company to enter China in 1989, before the establishment of diplomatic relations between Korea and China. It successfully built a business model supplying speakers produced at its Qingdao factory to major domestic companies such as LG Electronics, Samsung Electronics, Doosan Infracore, as well as to Haier, Hisense, Matsushita, Mitsubishi, and Panasonic. This earned the company recognition as a bridge in Korea-China relations. After continuous growth, it achieved sales of 100 billion KRW in 2010 and is regarded as a mid-sized enterprise.

Korea Topton has established a solid cooperative system over many years, including a first-tier vendor contract with LG Electronics, signing an ECO Partner agreement for mutual growth in 2005, developing speakers for robots, and concluding supply contracts with LG Electronics' global branches.

Additionally, based on speaker-related patents, the company has been selected as a vendor for AI speakers by SK Telecom and Kakao, continuously expanding its supply chain.

Moreover, in collaboration with Japan's Faurecia Clarion, Korea Topton supplies speakers to Japanese automobile brands such as Nissan and Mitsubishi. Through the distribution network of the Japanese global company RESTAR ELECTRONICS, it also supplies speakers to Sony, a world-renowned Japanese entertainment group. Notably, Korea Topton was selected as a Green Partner (G.P), an eco-friendly affiliated company certification system introduced by Sony to establish a global environmental framework, thereby securing international credibility.

A Korea Topton representative stated, "Although sales declined somewhat due to the shutdowns of our Chinese and Vietnamese subsidiaries amid the global COVID-19 pandemic in 2020 and 2021, with the lifting of shutdowns as of October last year, we expect sales to exceed 30 billion KRW next year. This year, we plan to maximize sales by aggressively investing overseas through subsidiaries and branches in Korea, Vietnam, and China, focusing on manufacturing speakers for commercial vehicles in cooperation with Dongfeng and Nissan (R?q?) ? leading Chinese commercial vehicle companies ? as well as targeting speakers for electric vehicles, AI speakers, and factory automation."

The representative added, "Currently, as a global audio equipment and speaker manufacturing company, we are actively pursuing an IPO to establish a foundation for sustainable growth. We are steadily progressing through procedures for listing, including issuing unified stock certificates and passing external audit adequacy standards."