BladeEnt Subsidiary CommerceMiner Decides to Maintain Listing, Trading Resumes on 20th

Commerce Miner, a subsidiary of BladeEnt, announced on the 20th that its listing will be maintained and trading will resume from today.

The Korea Exchange announced that, following the review by the KOSDAQ Market Committee, it decided to maintain Commerce Miner's listing and will resume stock trading from the 20th.

The decision to resume stock trading for Commerce Miner was made about three years after trading was suspended in April 2020. During the suspension period, Commerce Miner was granted an improvement period by the Corporate Evaluation Committee and the KOSDAQ Market Committee, and about one month after the decision to resume the review by the KOSDAQ Market Committee held on May 8 this year, the resumption of trading was decided.

A company official stated, "We have made every effort to prove our eligibility for listing during the improvement period," adding, "We reorganized systems to enhance management transparency, maintained a stable financial structure by recovering contingent liabilities and expanding capital through paid-in capital increases, and operated without debt."

To this end, Commerce Miner improved its profit structure through online commerce business in 2020, and in the second half of 2022, accelerated structural improvement by adding new business divisions through mergers and business acquisitions.

As a result, Commerce Miner's sales last year reached 20.7 billion KRW, a 24.2% increase compared to the previous year, and operating profit recorded 400 million KRW, significantly improving profitability from a 4.4 billion KRW loss last year. Commerce Miner also recorded operating profit in the first quarter of this year, raising expectations for future performance improvement.

Commerce Miner stated, "Along with the news of the resumption of trading, we will continue efforts to enhance corporate value and protect investors."

They added, "Through continuous improvement and development of the profit structure, we will transform into a competitive, high-quality company contributing to the capital market, and we will also focus on launching our own brand products and technology development."

Meanwhile, BladeEnt is the largest shareholder of Commerce Miner, holding 25.15% of its shares. The total shares held by the largest shareholder and related parties amount to 48.39%.