Hyundai Elevator Plans to Sell 6,500,000 Hyundai Movex Shares for KRW 115.77 Billion

Hyundai Elevator plans to sell 6,500,000 Hyundai Movex shares for an estimated KRW 115.77 billion. The transaction is scheduled for Nov. 16-Dec. 15, 2026. * Its remaining holding would total 47,934,905 shares, representing a 43.04% stake. Proceeds will fund shareholder returns under its corporate value enhancement plan. The sale includes a simultaneous one-year Price Return Swap covering the same shares, with early settlement and annual extensions possible. 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. Hyundai Elevator Co. Ltd. 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: 20261016800672), on October 16, 2026, and is solely responsible for the information contained therein. (C)