• Woori Financial Group plans to acquire Tongyang Life Insurance through a share exchange that would make Tongyang a wholly owned subsidiary.
• Tongyang shareholders are set to receive 0.2521056 Woori common shares per Tongyang common share, with cash paid for fractional entitlements based on Woori’s closing price on the initial listing date of the new shares.
• Capital stock is expected to rise by KRW 43.48 billion, based on par value of KRW 5,000 per share.
• Board vote in lieu of a shareholder meeting is scheduled for July 24, 2026, with closing expected Aug. 11, 2026.
• Transaction includes a KRW 200 billion threshold tied to appraisal-related payouts that could allow termination if exceeded.

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. Woori Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-207465), on May 06, 2026, and is solely responsible for the information contained therein.