Major shareholder Gem&Company pledges 83% of shares, debt 87.99B won, equity -75.21B won

Major shareholder (Gem&Company) has pledged 4,524,285 shares (83% of its 5,456,126 shares) across 12 pledge contracts.
Total debt amount: 45.65 billion won; total collateral amount: 71.78 billion won.
Debtor (Gem&Company) financials (FY ending June 2025): total liabilities 87.99 billion won, equity -75.21 billion won, revenue 0, net loss 13.62 billion won (audit opinion: unqualified).
Pledge enforcement conditions: default on principal obligation.
This correction extends pledge contract No.10 from 2026-05-06 to 2026-07-31 (contract date 2026-04-30).

Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder
Company: GemVax & KAEL (082270)
Submission: GemVax & KAEL Co.,Ltd.
Receipt: 04-30-2026
Under KRX KOSDAQ Market Division