Mobile Appliance updates embezzlement complaint to add more defendants, keeps amount at 15,004,137,300 won

Mobile Appliance issued a correction to its Aug. 3 filing on alleged breach of trust tied to former executives. Added additional defendants following a new criminal complaint filed on Oct. 14. Alleged amount remained KRW 15.00 billion, equal to 30.55% of equity. Case centers on an alleged pledge over a KRW 15.00 billion ordinary deposit account. Company plans to pursue damages through legal procedures, cooperate with authorities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mobile Appliance Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261014900358), on October 14, 2026, and is solely responsible for the information contained therein. (C)