1. What Happened?

On August 14, 2025, Winia Aid announced through a revised audit report that the re-audit opinion for the 2024 fiscal year had changed to ‘qualified.’ This resolved the formal reason for delisting, but simultaneously placed the company under a delisting review.

2. Why Does It Matter?

The ‘qualified’ audit opinion is a positive sign, increasing the likelihood of Winia Aid’s survival. The conclusion of the rehabilitation proceedings and the M&A also raise expectations for normalization of management. However, investors need to pay attention to the review results, as they will determine whether trading will resume.

3. What’s Next?

  • Positive Scenario: If the review is passed, trading may resume and the stock price could rise.
  • Negative Scenario: If the review is failed, delisting is possible.

The review will comprehensively assess Winia Aid’s business sustainability, financial soundness, etc. Recent financial improvement trends and the ability to generate operating cash flow will be key evaluation factors.

4. What Should Investors Do?

Investors should approach with caution until the results of the delisting review are announced. Careful monitoring of the resumption of trading, financial performance improvement trends, and future operating cash flow generation capabilities is crucial.