1. What Happened? : EID Receives Disclaimer of Opinion and Referral to Corporate Review Committee
EID announced on August 14, 2025, a correction to its semi-annual report (2025.06) due to an omission in the ‘Matters related to External Audit’ section, changing the audit opinion to a ‘disclaimer of opinion.’ Furthermore, it was revealed that the company has been referred to the Corporate Review Committee for deliberation regarding delisting eligibility. This is a serious matter that suggests a high possibility of delisting.
2. Why Did This Happen? : Three Consecutive Disclaimers, Deteriorating Financial Status
EID received a disclaimer of opinion for the 22nd, 23rd, and now the 24th semi-annual period. This raises serious doubts about the company’s financial soundness and transparency. In particular, the high debt ratio, continuous operating and net losses, and liquidity crisis threaten the very existence of the company.
3. What’s Next? : High Probability of Delisting, Investor Caution Advised
Considering past similar cases, three consecutive disclaimers of opinion and referral to the Corporate Review Committee indicate a very high probability of delisting. While the company is currently applying for an injunction against the delisting decision, a positive outcome seems unlikely.
4. Investor Action Plan: Consider Immediate Selling, Closely Monitor the Situation
Investing in EID is currently extremely risky. The stock is suspended, and the high probability of delisting means that it may be impossible to recover investments. Therefore, ‘selling’ is strongly recommended, and investors should closely monitor company disclosures and related news.