Winia to Pursue Resale After 10 Years... Samil Accounting Corporation Selected as Lead Manager

Sale Announcement in Early January Next Year
As Part of Business Normalization

Winia, which is undergoing corporate rehabilitation procedures, is planning to resell after 10 years.

On the 21st, Winia announced that it signed a contract with Samil Accounting Corporation as the lead manager for mergers and acquisitions (M&A) and sale, following approval from the Seoul Rehabilitation Court on the 19th, and has entered the M&A process.

The sale will proceed in the form of a third-party allotment paid-in capital increase before the approval of the rehabilitation plan. A sale announcement will be made in early January next year, and letters of intent to acquire will be received until the end of January. The goal is to conclude the rehabilitation plan early by signing a memorandum of understanding (MOU) and investment contracts between February and March.

Regarding the M&A, Winia explained, "It was decided to ensure early repayment of rehabilitation claims and to attract stable operating funds for the company."

Samil Accounting Corporation will prepare the optimal M&A plan through valuation and issue analysis of Winia, the sale target, and will provide advisory and support services throughout the entire M&A process, from sale announcement to signing the sales contract and closing the transaction.

Kim Hyuk-pyo, the legal administrator representative of Winia, said, "The M&A process is part of the corporate rehabilitation procedure, and we will do our best to solidify the brand value of Dimchae and the foundation for future growth to restore consumer trust."