The Board of Directors of the Company wishes to announce that DXN Korea Co., Ltd. [Registration No.: 808-88-00722] ("DXN Korea"), a wholly owned subsidiary of the Company, has submitted an application for dissolution registration on 12 May 2026, in accordance with the procedures prescribed by the laws of the Republic of Korea.
DXN Korea was incorporated in South Korea on 1 August 2017, with an issued share capital of KRW 300,000,000. Following its active operations since incorporation, DXN Korea has been operationally inactive since Year 2021.
The Liquidation of DXN Korea will not have any material effect on the earning, net assets and gearing of DXNH Group for the financial year ending 28 February 2027.
None of the Directors and/or major shareholders of DXNH Group and/or persons connected with the Directors and/or major shareholders of DXNH has any interest, direct or indirect, in the Liquidation of DXN Korea.
This announcement is dated 4 June 2026.