COWAY

- Coway’s NOBLE 2.0 Air Purifier Series has been honored by the iF International Forum  for its sophisticated design and innovative air purification technologies - 2025 marks Coway’s 18th consecutive year of recognition from the iF Design Award Seoul, South Korea, March 14th, 2025 – Coway Co., Ltd., the “Best Life Solution Company,” announced today that its NOBLE 2.0 Air Purifier series has been honored by the International Forum (iF) Design Award 2025 in the Product Design category. Founded in 1953 as Die Gute Industrieform e.V., the iF Design Award is one of the world’s most prestigious design competitions, evaluating entries via five key criteria: idea, form, function, differentiation and sustainability. This recognition marks Coway’s 18th consecutive year of receiving an iF Design Award, underscoring the company’s global leadership in design innovation. Some of the lauded features of the NOBLE 2.0 Air Purifier series include the products’ refined square tower structure and advanced air purification technologies. Equipped with a four-sided 4D filter for 360° air purification, the NOBLE Air Purifier 2.0 lineup is able to efficiently capture and circulate clean air throughout spaces of up to 133㎡. On the aesthetic front, the compact size and nature-inspired color swatches of the lineup allow the products to integrate into any interior while simultaneously enhancing décor seamlessly. In addition to the NOBLE 2.0 Air Purifier Series, three other Coway products were also recognized at the iF Design Award in the Product Design category, with one such honoree being an upcoming water purifier tentatively named ‘SWITCH’ (P-2200N). ‘SWITCH’ offers versatile countertop and under-sink configuration options along with non-electric water purification capabilities. The company showcased the ‘SWITCH’ at Aquatech Amsterdam 2025, highlighting its innovative features to a global audience. A Coway official said, “This award is a testament to Coway's commitment to innovative design and global competitiveness. We will continue to develop products that not only embody our unique design philosophy, but that also deliver exceptional experiences to our customers.”

- Coway targets European market expansion with cutting-edge technology and distinctive design at Aquatech 2025, showcasing the SWITCH water purifier and more Seoul, South Korea, March 6th, 2025 – Coway, South Korea’s No.1 environmental home appliances company, will participate in Aquatech Amsterdam 2025 from March 11th to 14th in Amsterdam, the Netherlands. As the world’s leading trade exhibition for process, drinking, and wastewater, Aquatech Amsterdam provides a global platform for industry leaders to unveil their latest innovations and expand distribution networks. This year’s exhibition is set to bring together over 900 exhibitors and 25,000 water professionals. At the exhibition, Coway will explore new growth opportunities in the European water purifier market, by forging new partnerships and enhancing its brand awareness. Alongside its highly successful Asian product lineup, Coway is also set to introduce products optimized for European customers and businesses. A highlight of Coway’s showcase at the exhibition will be the unveiling of the company’s upcoming water purifier, tentatively named ‘SWITCH.’ This eco-friendly model is able to adapt to various kitchen settings thanks to its countertop and under-sink convertibility, and also offers non-electric water purification, making it attractive to a diverse customer base — in particular to environmentally-conscious customers. Coway will also showcase a variety of high-performance water purifiers that feature both cold-and-hot-water functions and ice-making capabilities, catering to a wide range of diverse customer lifestyles and business needs. Looking ahead, Coway's water purifier strategy aims at encompassing both commercial and consumer markets. For businesses, the company is set to introduce large-capacity standing water purifiers ideal for public institutions, businesses, and schools, alongside more compact models for environments short on space. For consumers, Coway will hone in on providing water purifiers that complement the modern smart home by offering such features as temperature control, measured dispensing, and easy self-maintenance for added convenience. A Coway official said, “Our participation in Aquatech 2025 will significantly enhance our brand awareness, as well as our competitive edge in the European market, further solidifying our position as a global leader in innovative water purification solutions.” 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 .

- In its Corporate Value-Up Plan, Coway has identified four key indicators to enhance sustainable shareholder value: continuous growth, shareholder returns improvement, strengthened financial stability and governance sophistication. - The company aims to generate revenue of over KRW 5 trillion in 2027 through core business expansion, new brand development and new business initiatives. - A total shareholder return rate of 40% will be maintained for three years by means of cash dividends, and acquisition and retirement of treasury stocks. - Coway will also manage its net debt-to-EBIT ratio up to 2.5 and will reinforce sophistication of governance. Seoul, South Korea, February 18th, 2025 – Coway Co., Ltd., the “Best Life Solution Company,” has officially launched its Corporate Value-Up Plan, reaffirming its commitment to the sustainable enhancement of shareholder value. Following the announcement last month of increasing its total shareholder return rate from 20% to 40%, Coway is now introducing additional strategic initiatives aimed at bolstering corporate value. In a board meeting held on February 13th, Coway identified four key indicators for enhancing sustainable shareholder value: continuous growth, shareholder returns improvement, appropriate capital structure, and governance sophistication. Based on these indicators, the company has formalized its corporate value enhancement strategy, namely its Corporate Value-Up Plan. Driving Continuous Growth: Setting Revenue Goals Exceeding KRW 5 Trillion in 2027 Coway is aiming for a compound annual growth rate (CAGR) of 6.5% from 2025 to 2027, with the goal of exceeding KRW 5 trillion in revenue in 2027. To achieve this target, the company will focus on core business advancements, global business expansion, new brand growth and new business initiatives. Coway plans to enter new markets and establish local subsidiaries, implementing tailored marketing strategies in order to enhance global brand recognition. The company will also develop localized products and services to strengthen its competitiveness within the global market. Coway will also expand its product lineups and enhance its customer experience marketing through its sleep and wellness brand, BEREX. The company aims to increase its offline channel offering in order to strengthen customer experience in South Korea, as well as to enhance overall BEREX brand awareness through targeted marketing campaigns. Furthermore, Coway is set to enter the silver care (elderly care) sector in South Korea in order to explore various new business opportunities for sustainable growth. Through its new subsidiary Coway Life Solutions, established in October of 2024, the company will introduce next-generation elder care services within the first half of 2025. Coway will also be actively pursuing strategic partnerships and technological collaborations to further expand new business opportunities. Coway will continue to enhance its core offerings by developing innovative products and expanding its investments in R&D, IT, marketing, and consumer services. The company will also drive advancements in the digital space in order to strengthen its channel competitiveness and operational efficiency.  Improving Shareholder Returns: Increasing the Total Shareholder Return Rate to 40% Coway is committed to balancing sustainable shareholder returns, corporate growth, and financial stability by maintaining a well-balanced allocation between shareholder returns and reinvestments in future growth. The company will significantly increase its total shareholder return rate from the previous 20% of consolidated net income to 40%. This includes cash dividends and treasury stock purchase/retirement. Specifically, in FY2024, Coway will allocate 33% to cash dividends and 7% to treasury stock purchase/retirement, based on the 40% total shareholder return ratio. From FY2025 to FY2027, the company will maintain the 40% shareholder return rate while adjusting the proportion of cash dividends and treasury stock purchase/retirement in consideration of total shareholder return. A Coway official stated, "The 40% shareholder return rate was derived by forecasting actual expected cash inflows and outflows from this year through 2027. Based on these projections, we identified an optimal balance between operating cash flow and financial leverage while also considering various factors, such as the balance between shareholder returns and investments for future growth.” Optimized Capital Structure: Maintaining an Appropriate Net Debt-to-EBIT Ratio Coway has also established new financial guidelines designed to ensure the company’s financial stability. Coway plans to utilize an appropriate level of financial leverage, taking into account its repayment capabilities based on operating performance and accelerating the timing of shareholder returns on investment outcomes. Accordingly, the company plans to manage its net debt-to-EBIT ratio up to 2.5 to ensure financial stability while keeping financial burdens at a manageable level. Enhanced Governance: Strengthening Board Independence and Diversity Coway is committed to advancing its corporate governance practices. The company will seek to raise its key governance indicator from 53% in 2024 to 87% by 2026, significantly exceeding the 2023 market average of 49.5%. Key governance indicators, particularly those related to shareholder interests, will be prioritized for improvement. Coway is committed to further enhancing the independence of its board of directors (BoD) while promoting greater diversity. Since 2023, the company has implemented board independence guidelines to strengthen transparency and accountability. Going forward, Coway plans to increase both the number and proportion of outside directors and appoint highly qualified individuals with diverse expertise to advance corporate governance standards. “Coway’s Corporate Value-Up Plan provides a robust foundation for sustainable growth, benefiting both the company and its shareholders,” said Jangwon Seo, CEO of Coway. “We are committed to reinforcing shareholder-friendly management while simultaneously implementing a range of strategies aimed at enhancing corporate value and securing sustainable growth.” For additional details about Coway's Corporate Value-Up Plan, 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 .