COWAY

At a Glance: - Outstanding Value-Up Recognition: Coway’s commitment to meaningful shareholder value enhancement has been officially recognized, with the company winning South Korea’s prestigious Chairman of the Financial Services Commission Award as a '2026 Outstanding Value-Up Company’. - A Strategic Threefold Approach: The company is driving sustainable growth by integrating expanded shareholder returns, advancing corporate governance and championing responsible management. - Committed to Excellence: As the "Best Life Solution Company," Coway’s robust financial health and transparent governance form the foundation for its delivery of innovative, reliable products and its cultivation of ESG-led global leadership. What makes a company a true global leader in creating healthy and sustainable home environments? Beyond the cutting-edge technologies and unparalleled service offerings, an unwavering foundation of corporate transparency, robust governance and a commitment to shared success lies at the heart of such a business. Coway, globally renowned as the "Best Life Solution Company," is proof that exceptional products and consumer services go hand-in-hand with first-rate corporate management.   By accelerating its corporate value enhancement strategy, Coway is moving beyond mere earnings growth, firmly establishing itself as a premier model of Environmental, Social and Governance (ESG) leadership as the company actively solidifies its capital efficiency and shareholder-friendly policies. Award-Winning Corporate Value Last year, Coway unveiled its comprehensive corporate value enhancement plan, setting ambitious key performance indicators that include a 40% shareholder return rate, a highly efficient target capital structure (NetDebt/EBIT 2.5x) and sweeping advancements across its corporate governance. To further foster trust and transparency in this process, Coway voluntarily disclosed its corporate value enhancement implementation status earlier this year, setting a new standard for investor communications. These proactive initiatives won notable acclaim this May, when the Korea Exchange selected Coway as a '2026 Outstanding Value-Up Company’ . This recognition in the form of the reception of South Korea’s Chairman of the Financial Services Commission (FSC) Award serves to publicly validate Coway’s board-centric responsible management system and the proactive execution of its value-enhancing policies to date. Accelerating Shareholder Returns Coway's dedication to rewarding its shareholders has been made manifest across its sweeping policy upgrades, with the company doubling its total shareholder return rate target from 20% to 40%. Key actions include:   - Quarterly Dividends: Fully introduced this calendar year, these quarterly dividends began with a cash dividend payout of KRW 700 per share in the first quarter, ensuring a consistent shareholder profit structure. - Cancellation of Treasury Stock: Coway plans to completely retire 50 billion KRW worth of treasury shares acquired early this year to substantively elevate shareholder value by the end of year. - Predictable Dividend Policies: Following a strategic amendment to the Articles of Incorporation at the Annual General Meeting in March, dividend record dates can now be set after a dividend amount is confirmed. Coway is also operating its shareholder return policy so as to satisfy the FSC’s ‘High-Dividend Company’ requirements that enable shareholders to benefit from separate taxation on dividend income.  Board-Centric Governance and Unmatched Transparency Coway's corporate value enhancement initiatives have not been designed as temporary measures. Instead, they represent a fundamental commitment to continuing innovation across corporate governance. The entire lifecycle of these initiatives, from planning through to execution and monitoring, is systematically driven by the company’s Board of Directors. Through proactive discussions, the Coway Board has managed to optimize capital efficiency by establishing a target capital structure that secures both financial health and growth potential. To guarantee absolute fairness and transparency, the company also introduced a Senior Independent Director system and established an Internal Transaction Committee and a Compensation Committee, each composed entirely of three independent directors. Management That Leads by Example Responsible management starts from the very top, and so with this in mind, Coway CEO Jangwon Seo has been consistently demonstrating his unwavering confidence in the company’s mid-to-long-term growth by continuously acquiring company stock since taking office. Following purchases of 4,000 shares in 2023 and 2,000 shares in 2024, CEO Seo recently bought an additional 2,800 common shares on the open market, bringing his total holdings to 9,800 shares. Furthermore, Coway is expanding its Investor Relations (IR) footprint globally. By increasing the availability of English-language disclosures, expanding Non-Deal Roadshows (NDR) to improve information accessibility for overseas investors and transparently sharing company progress through the CEO's Shareholder Letter, Coway is building a strong bridge of trust across both domestic and international markets. "While continuing to achieve record-breaking performance based on our foundational excellence, we are dedicating company-wide efforts to enhance our corporate value by simultaneously elevating expanded shareholder returns and advanced corporate governance," stated a Coway official. "Moving forward, grounded in the responsible management of the Board of Directors and the executive team, we will continue to refine our shareholder-friendly management to further build the foundation for sustainable growth and enhanced shareholder value." 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 (KRX: 021240), the "Best Life Solution Company," is a leading global innovator dedicated to enhancing everyday life through state-of-the-art environmental home appliances and premium wellness solutions. Renowned for its industry-leading water purifiers, air purifiers, and bidets, Coway expands its premium sleep and wellness brand, BEREX, to advance the global lifestyle sector with smart mattresses and advanced massage chairs. Driven by intensive research and award-winning engineering, Coway continues to accelerate its business across major markets, including Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com .

As the days lengthen and the calendar heralds the start of summer, today’s households are finding themselves facing a new host of ventilation challenges, ranging from the potential of mold growth caused by increased indoor humidity through to the stagnation of long-sealed rooms brought about by continued air conditioning usage. The matter of air purification is no longer just one reserved for the more pollen- and allergy-heavy spring months; it has become a year-round necessity for any health-conscious home.   Thanks to its advanced filtration technologies and intelligent, modern designs, Coway, the “Best Life Solution Company,” is able to ensure pristine air quality, 365 days a year, with its air care solutions.    Why is There a Global Shift Towards Managed Air Care Ecosystems?   The recent behavioral shift towards managed air care ecosystems can be clearly seen in research undertaken by global market intelligence providers. According to a market report by Fortune Business Insights , the global air purifier market is projected to reach USD 32.72 billion by 2034, an increase driven in large part by increasing urbanization, changing lifestyles and growing awareness around indoor air pollutants.   Furthermore, Future Market Insights (FMI) reports that the global smart air purifier segment is set to increase at an astonishing compound annual growth rate (CAGR) of 10.3%, reaching USD 33.7 billion by 2036. Key to note across both industry reports is the recognition of Coway as one of the foremost global players leading the air care market’s expansion.  "Smart air purifier demand is evolving toward connected, service-led ecosystems where buyers prioritize measurable air quality performance, predictable replacement economics and integrated device management,” notes Rahul Pandita, Lead Analyst at Future Market Insights, of the structural industry evolution underpinning the market’s predicted growth. “Suppliers with scalable connected platforms, strong channel governance and reliable consumables supply are expected to strengthen long-term market positioning."   How is Coway Tailoring its Lineup to Different Regions Globally?   At the core of Coway’s international recognition is the company’s refusal to compromise on performance across its product and service offerings. With Coway’s proprietary air filtration technologies a mainstay in each of its air care solutions, the company is simultaneously employing localized strategies tailored by region in order to address the distinct range of global consumer needs.    North America: The Airmega Era of Versatility and Precision     Coway Airmega Mighty2 (white and beige)   In North America, where consumers require specific solutions for varying room dimensions and protection again seasonal wildfire smoke, Coway’s dedicated Airmega lineup has set a new benchmark.   - For Small Spaces, the Airmega 100 : Designed for compact bedrooms and home offices, the Airmega 100 maximizes space efficiency without compromising on power. It features 3-stage filtration system that effectively traps 99.999% of nano-sized particles down to 0.01 microns. - For Medium Spaces, the Airmega Mighty2 : The next-generation successor to Coway’s best-selling, long-time Wirecutter top pick, the Airmega Mighty, the Airmega Mighty2 features a 20% larger HEPA filter and a 45% larger carbon filter. - For Larger Spaces, the Airmega 350 : Engineered for wide-open living areas and expansive floor plans, the advanced 3-in-1 filtration system of the Airmega 350 combines a vacuumable pre-filter, activated carbon and a HEPA Filter to seamlessly reduce up to 99.97% of particles down to 0.3 microns in the air.     Southeast Asia: High-Capacity Protection and Premium Service Integration   Coway Noble II Air Purifiers   In Southeast Asia (including Malaysia, Thailand and Indonesia), where year-round humidity and urban air pollution can contribute to respiratory issues, Coway has secured its market leadership by marrying its advanced technologies with its dedicated subscription-led care service.   - The Noble II : Featuring an innovative 4D filtration system that draws in air from all four sides to ensure comprehensive circulation and purification, the Noble II also serves to complement premium, modern home interiors with its architecture-inspired tower design. - The Storm II : Equipped with an enlarged turbo fan that significantly boosts wind speed and airflow, the upgraded Storm II reduces power consumption by 35% when compared to its predecessor. - The Square Fit & the Square Big : With a minimalist design and whisper-quiet operation as low as 20dB, this lineup offers scalable, flexible performance through a customizable Air Matching Filter system tailorable to specific family environment needs.     The Future: Your Year-Round Air Platform   Looking forward, Coway aims to expand its horizons beyond standard air purification in order to bring consumers the ultimate comprehensive, four-season indoor climate management platform, one that is as reliable and as pristine as it is beautifully designed, all year round.    About Coway Co., Ltd. Established in Korea in 1989, Coway (KRX: 021240), the "Best Life Solution Company," is a leading global innovator dedicated to enhancing everyday life through state-of-the-art environmental home appliances and premium wellness solutions. Renowned for its industry-leading water purifiers, air purifiers, and bidets, Coway expands its premium sleep and wellness brand, BEREX, to advance the global lifestyle sector with smart mattresses and advanced massage chairs. Driven by intensive research and award-winning engineering, Coway continues to accelerate its business across major markets, including Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com .

Coway's Water Sommeliers Established in 2019, Coway’s Water Taste Evaluation & Research Lab, located in the company’s Environmental Technology Research Institute (R&D Center) in Seoul, Korea, is home to a unique group of experts: nationally-certified water sommeliers. Coway is the only company in the industry operating a dedicated water taste research lab. Harnessing Science for Better Tasting Water Similar to their namesakes in the wine industry, water sommeliers are specialists able to evaluate the sensory qualities of water, ensuring that Coway’s water purifiers deliver water that is as enjoyable to drink as it is safe. By studying the factors that influence water quality and taste, they validate and enhance the drinking experience. This year, Coway certified 15 new water sommeliers, bringing the company’s total to 44 – the largest in the industry. Among them, 10 hold Advanced Level certifications, enabling them to lead training and education in water taste.   Coway’s Environmental Technology Research Institute (R&D Center) in Seoul, Korea Since the launch of the initiative in 2012, Coway has been expanding its water sommelier program in order to strengthen its research capabilities. The lab also pioneered the industry’s first proprietary water taste standard, the ‘GPT (Good Pure Tasty) Water Index.’ Today, water sommeliers play a central role in product development, assessing water taste and quality throughout filter design and testing processes. Their expertise ensures Coway is delivering to its customers water that is not only clean and safe, but that is also consistently pleasant across the company’s diverse range of markets.   Coway's Icon Water Purifier 2 (CP-7211N) Achieving International Certification and Recognition Beyond this taste expertise, Coway has also achieved international recognition for the water safety and performance of its products. Coway was the first in the industry to obtain global certification from the Water Quality Association (WQA), a recognized international certification body for water purifiers, back in 2008. Additionally, Coway’s filters have been certified by the WQA to a variety of leading industry standards, including NSF/ANSI 42 (aesthetic effects), 53 (health-related effects) and 58 (reverse osmosis systems). More than 80 of the company’s products carry the WQA’s Gold Seal Mark, a clear assurance of product quality, durability and safety. Setting the Global Benchmark for Water Expertise Moreover, Coway’s specialized overseas research & development (R&D) systems empower the company to develop custom products tailored to the specific requirements of each country it operates in. By collecting and analyzing water samples the world over, Coway has developed its proprietary “Water Map”, a database containing findings from approximately 2,700 water sources in 41 countries. This extensive catalog of samples allows Coway to deliver optimal and localized products and services that align with each region’s unique water characteristics. With the industry’s largest team of certified water sommeliers, advanced R&D capabilities and internationally-certified products, Coway continues to set the benchmark for water expertise. Coway’s mission is simple yet powerful: to deliver water that is safer, cleaner and consistently better-tasting, every single day.