Hwashin Industry's Major Shareholder Hwashin Materials Reduces Shareholding by 645,170 Shares, Ownership Percentage Falls 22.87 Percentage Points

Hwashin Materials, a major shareholder of Hwashin Industry (000760), disclosed on July 13 that its shareholding in the company decreased by 645,170 shares. Ownership percentage dropped from 22.87% as of April 29, 1994, to 0% as of July 13, 2026. The reduction occurred on July 8, 2026, when common shares fell by 645,170, with the transaction price at 11,700 won. Off-exchange sellers included Jo Seung-hwan (322,580 shares) and Jo Dong-hyun (322,590 shares). The report noted the transaction was finalized on July 8, 2026, after full payment under a stock sale agreement. Hwashin Industry's 2025 year-end consolidated financials showed total assets of KRW 269.6 billion, liabilities of KRW 64.7 billion, and a net loss of KRW 21 billion. The company, listed on KOSPI since April 29, 1994, reported a closing stock price of 12,760 won on July 13, 2026, down 7.8% from the previous day.