Cancellation of 2.26M common shares (~16%) to enhance shareholder value
MAKUS decided to cancel 2,261,255 treasury shares (approx. 16% of total outstanding, book value approx. KRW 14.96 billion) to stabilize stock price and enhance shareholder value
After cancellation, total outstanding shares will decrease from 14,163,092 to 11,901,837, with no change in capital stock
Cancellation scheduled for April 30, 2026; board resolution date: April 27, 2026
Cancellation is based on Article 343(1) of the Commercial Act for shares acquired within distributable profits, approved by board resolution
Average acquisition cost of cancelled shares is KRW 6,616 per share; schedule may change due to administrative procedures