COWAY

- The National Asthma Council Australia’s Sensitive Choice program has recognised Coway’s Airmega air purifier lineup as being Sensitive Choice approved with the potential to benefit people living with asthma and allergies. - Amid peak allergy season, Coway’s asthma and allergy-friendly range of Airmega air purifiers are available at a discount during Amazon’s Black Friday and Cyber Monday deals that are running from now until December 2nd, as well as during Amazon Boxing Day deals from December 24th to 28th. Sydney, Australia, November 28th, 2024 – As Australia transitions from spring to summer, rising pollen counts and increasingly extreme weather conditions are expected to worsen allergy and asthma symptoms across the board. As various grasses enter their peak flowering season, air quality is set to be significantly impacted, making it harder to breathe and potentially triggering asthma symptoms in affected individuals. Now is the perfect time for Australians struggling with asthma or seasonal allergies to invest in an air purifier that helps keep the air in their homes clean. Coway, South Korea's leading wellness tech company, offers solutions designed to keep all consumers breathing easier with its Airmega air purifier range, a lineup that has officially been approved by the National Asthma Council Australia’s Sensitive Choice program. Coway’s Sensitive Choice Approval: A Mark of Trust Sensitive Choice is a program by the National Asthma Council Australia that identifies products that may help improve the lives of people living with asthma or allergies. This approval assures customers that Coway’s air purifiers are a reliable and effective choice for those seeking relief from airborne allergens. 3-stage Filtration Boosted by GreenHEPA™ Filter for Cleaner Air Each Coway Airmega air purifier is equipped with a HyperCaptive™ Air Filtration System, a 3-stage filtration system that includes a pre-filter, a deodorisation/activated carbon filter, and a GreenHEPA™ filter. This advanced system captures allergens, pollen, smoke, gases, odours, and even volatile organic compounds (VOCs) to filter out 99.97% of ultra-fine particles, even those as small as 0.03 microns. This process helps ensure that the air circulating through the home is clean and fresh, particularly during peak allergy season. Coway offers a range of models tailored to different room sizes and air purification needs:   -  Airmega Mighty (AP-1512HH) : Ideal for bedrooms, living rooms, and small offices thanks to its 109m² coverage, the Airmega Mighty is the U.S.’ most-loved air purifier, a solution that currently has over 20,000 five-star reviews and has been a Wirecutter top pick for ten consecutive years . -  Airmega 150 : A compact, stylish model perfect for one- or two-person households, Airmega 150 is available in Dove White, Sage Green, and Peony Pink colorways. It has won multiple prestigious international design awards, including Germany’s iF Design Award, Japan’s Good Design Award, and the U.S.’ IDEA award. -   Airmega 250 : A larger model featuring 131m² of coverage best suited for families and pet owners, Airmega 250 also provides filtration and protection specific to pet-related allergens.   In order to make it even easier for Australians to breathe easier this allergen season, Coway is offering exclusive discounts on its Airmega air purifiers and filters during Amazon’s Black Friday and Cyber Monday Deals. From November 19th to December 2nd, consumers can enjoy up to 35% off Airmega air purifiers and up to 40% off Airmega air filters. For those who miss out on these deals, the company's last deals of 2024 will be live from December 24th to 28th. For more information, please visit the Coway Amazon Store . About Coway Co., Ltd. Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .

SEOUL, South Korea, November 8th, 2024 –  Coway Co., Ltd., the “Best Life Solution Company,” has announced its financial results for the third quarter of 2024.   “We continue to secure new customers, having seen our rental accounts exceed 10 million by merit of strong sales growth both domestically and internationally, and are also maintaining stable contract retention,” said Soon Tae Kim, Coway’s Chief Financial Officer. “For the remainder of this year and beyond, we will continue to prioritize research and development that drives product innovation and digitalization, and will also strive to maintain our robust performance growth.”   Coway’s reported earnings are as follows:   - Third quarter revenue: KRW 1,100.3 billion (+9.2% YoY) - Third quarter operating profit: KRW 207.1 billion (+6.0% YoY) * The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.   Cumulative revenue for 2024 now stands at KRW 3,184.4 billion (+7.5% YoY) with an operating profit of KRW 612.0 billion (+8.3% YoY).   In South Korea, domestic business generated KRW 660.8 billion in revenue for the third quarter, up 9.9% from last year. This increase has been attributed to steady sales of the ‘Icon Ice Water Purifier’ during the summer months, as well as the ongoing popularity of the BEREX lineup of mattresses and massage chairs. The net increase in domestic rental accounts during the third quarter, totaling 102,000 accounts, more than doubled compared to the same period last year. Furthermore, the cumulative net increase for the first three quarters of this year amounts to 245,000 accounts, a figure that has already surpassed last year's total net increase of 193,000 accounts.   Coway’s overseas subsidiaries also showcased strong growth in the third quarter, with a revenue report of KRW 391.5 billion, a 7.8% year-on-year increase. Of note among these were the Malaysia subsidiary, which achieved a revenue of KRW 293.4 billion with an 8.8% year-on-year increase, and the Thailand subsidiary, which continued to expand its growth trajectory with revenue of KRW 32.5 billion and an 8.9% year-on-year increase.   For additional details about Coway's financial performance, please visit the company's  Investor Relations  page.   About Coway Co., Ltd.   Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .

- BEREX’s diverse product lineup of smart mattresses and massage beds has accelerated market expansion - Mattress sales grow 10% year-on-year and massage chair sales increase fivefold, driving revenue growth In less than two years since its launch, Coway has successfully managed to establish BEREX, its sleep and wellness brand, within the market, as demonstrated by the numerous accolades it has received for its ever-growing market presence. The first of the company’s brands to be integrated across product categories, BEREX encompasses Coway’s mattress and massage chair products. Launched in December 2022, the brand is comprised of a variety of products designed to enhance relaxation, and has become a leading force in sleep and wellness care trends as well as a key driver of corporate growth. With the name ‘BEREX’ standing for ‘Bed & Relax’, the brand serves to underline Coway’s belief that sleep and rest are important fundamental values of life, and aims to deliver benefits that go beyond mere relaxation. Since the brand’s inception, Coway has been differentiating itself from competitors and making a splash in the market through such innovative BEREX products as the BEREX Smart Mattress, BEREX Pebble Chair and BEREX Massage Bed. The BEREX Smart Mattress has received attention for its unique air-inflated Sleep Cell technology that serves as a replacement for traditional mattress springs. The innovative mattress allows users to customize the firmness of their mattress by adjusting the air volume within 80 (for the Queen size model) individual Sleep Cells. Offering superior durability, the BEREX Smart Mattress is able to maintain a ‘good-as-new’ condition even after prolonged use. It also offers users a mobile app for real-time pressure monitoring, firmness adjustment and control of the automatic pressure distribution system that effectively alleviates body pressure, along with a ‘Relax Mode’ to help promote restful sleep. BEREX’s massage products have also been making headway in this rapidly expanding market. Breaking away from conventional design approaches, these products come in a range of options, including compact, furniture-style massage chairs, providing customers with more options while also driving competitiveness. The BEREX Pebble Chair has gained recognition for its elegant design capable of seamlessly integrating into any space — all while serving users through its powerful massage functionality. Furthermore, the BEREX Massage Bed features a 3D massage system as well as a versatile design previously only found in traditional massage chairs that has been receiving acclaim since the product’s launch in October of last year. Coway also recently introduced the BEREX Reclining Massage Bed, subsequently winning a CES 2024 Innovation Award in the Digital Health Category. The award-winning product features innovative technologies that include an automatic reclining function for upper body support and a customized massage system, both of which have contributed to its strong position within the market. Since BEREX’s launch, the products released under the brand have consistently been achieving impressive sales figures, with mattress sales growing approximately 10% year-on-year in 2023 and massage chair sales skyrocketing more than five times over the same period. Moreover, the initial stock of the BEREX Massage Chair Mine sold out quickly upon release, resulting in the need for pre-order sales, while the BEREX Pebble Chair exceeded its original sales target by more than double, indicating strong customer interest. Coway plans to increase investment in BEREX this year in order to enhance the differentiated technologies of its products as well as to accelerate its expansion within the sleep and wellness market. “We aim to concentrate our efforts on nurturing our successfully established sleep and wellness brand BEREX, as well as its innovative product lineup, into a new growth engine,” stated Coway CEO Jangwon Seo of his strong commitment to further develop the BEREX brand in his New Year’s address. Additionally, Coway is focusing on expanding the BEREX brand’s physical presence by increasing the number of offline retail locations in South Korea. The company has actively been growing the number of its experiential stores across the country, from Seoul to Busan and Gwangju, with 17 stores opened until this year in order to improve customer accessibility and engagement. A Coway official stated, “In less than two years since its launch, BEREX features a diverse product lineup and has successfully become established within the market. We will continue to focus our efforts on driving the brand’s sustainable growth through a focus on BEREX’s unique technologies and service expertise.” About Coway Co., Ltd.  Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or http://newsroom.coway.com .