DNA Link, Enhances Internal Accounting System with Accounting Firm... "Part of Ventilation Escape Effort"

DNA Link announced on the 28th that, as part of measures to be removed from the watchlist, it is reviewing various new businesses to enhance its internal accounting management system and improve performance.

DNA Link was designated as a watchlist stock in March this year due to reasons including an adverse opinion on its internal accounting management system. Currently, to improve the internal accounting management system, the company is collaborating with Samil Accounting Corporation, the largest in Korea, to overhaul its internal accounting system and related regulations.

The company plans to resolve the reasons for the watchlist designation by improving the internal accounting management system and is actively reviewing various new businesses based on the funds raised through a capital increase last month. In particular, it intends to prioritize profitability and pursue directions that can lead to both short-term business results and performance growth.

A company official stated, "We are concentrating company-wide resources to resolve the reasons for the watchlist designation to enhance shareholder value," adding, "We will establish a more perfect internal accounting management system and finalize new businesses that will achieve performance improvement as soon as possible."

Meanwhile, DNA Link restructured its management by appointing a new board of directors at an extraordinary general meeting of shareholders held on October 20. Additionally, in November, the largest shareholder changed to Orbitech through a third-party allotment paid-in capital increase.