DYD Announces Change of Largest Shareholder to Dongyang Ink

DYD announced on the 25th through a public disclosure that the largest shareholder of its largest shareholder, Regtech, has changed to Dongyang Ink. This change is due to the largest shareholder of Regtech, DYD's largest shareholder, being replaced by Dongyang Ink.

Dongyang Ink, established in 1948, is a mid-sized ink manufacturer that recorded approximately 100 billion KRW in sales and 2.1 billion KRW in operating profit on a consolidated basis in 2023. It produces various advanced materials, including eco-friendly printing inks and bezel inks used in vehicle liquid crystal panels.

DYD stated that Dongyang Ink became the largest shareholder due to the shareholder agreement of Regtech, the company's largest shareholder. A company representative said, "Since a sound mid-sized company has become the actual management entity, we plan to resolve the reasons for designation as a management item early based on responsible management and to invest more actively in the ongoing bio business."