Crowdworks Decides to Acquire 12 Billion Won Worth of Daeyang Metal Shares

Crowdworks Inc. (CEO Kim Gwang-il) announced on August 6, 2026, that it has decided to acquire 2,726,100 shares of Daeyang Metal Co., Ltd. for 11,997,566,100 won.

This acquisition amount is equivalent to 29.53% of Crowdworks' total assets (40,631,650,000 won) and 71.36% of its equity capital (16,813,580,000 won) based on its consolidated financial statements. The number of shares owned after the acquisition will be 2,726,100, representing a 4.8% stake.

The transaction counterpart is DYM Partners Co., Ltd., a management consulting firm. The payment will be made entirely in cash using Crowdworks' retained funds. The down payment (30%) will be replaced by a deposit paid prior to signing the contract, the intermediate payment (35%) will be paid on the contract date, and the balance (35%) will be paid on August 10, 2026. The expected acquisition date (transaction closing date) is August 10, 2026.

Crowdworks stated that the purpose of this acquisition is to secure manufacturing-based data through cooperation with a manufacturing-based company, and thereby diversify its retained data, achieve business synergy, and secure a new growth engine.

According to the evaluation results conducted by the external evaluation agency, Accounting Firm Donghaeng, from July 29 to August 4, 2026, the base market price per share of the subject stock is 1,733 won, and the stock value per share applying the management premium was calculated in the range of a minimum of 1,402 won to a maximum of 4,923 won. The accounting firm submitted an opinion that since the acquisition price of 4,401 won per share falls within this range, no evidence was found to conclude that it is inappropriate from a materiality perspective.

The target company, Daeyang Metal Co., Ltd., is an enterprise whose main business is the manufacturing and sale of stainless cold-rolled steel sheets. Daeyang Metal's consolidated financial figures for 2025 show total assets of 144,442,000,000 won, total liabilities of 44,358,000,000 won, total equity of 100,084,000,000 won, sales revenue of 223,407,000,000 won, and a net income of 9,399,000,000 won.