Giantstep Outside Director Bae Young-jin Resigns…Temporary Zero Outside Director Board, Limited Shareholder Value Impact

Giantstep announced on April 16, 2026 that outside director Bae Young-jin resigned voluntarily due to personal reasons.
This reduces the number of registered directors from 4 to 3, with no outside directors remaining, dropping the outside director ratio from 25% to 0%.
The company plans to appoint a new outside director at the first general shareholders' meeting convened after the change, making this a temporary situation.
The resignation does not involve any share issuance or capital changes, so there is no dilution or direct financial impact on existing shareholders.
However, the absence of outside directors may weaken board independence and oversight functions during the interim period, posing a short-term risk for minority shareholder protection.
[AI Summary]Giantstep's outside director resignation causes a temporary governance weakness but no capital change, limiting direct shareholder value impact. The independence deficit during the vacancy period may pose near-term risk to minority shareholders, yet the matter is expected to be resolved through normal procedures.