EGM Convening and Capital Reduction: Full Board Overhaul and 5:1 Reverse Stock Split

Board resolved to convene EGM on 2026-06-01 (electronic voting, record date 2026-04-30)
Agenda 1: Dismissal of 4 directors (Inside: Jae-Kwang Lee, Ho-Jung Won, Kyung-Woo Jeon; Outside: Moon-Kyu Park)
Agenda 2: Appointment of 7 new directors (Inside: Kwang-Sik Cho, Kyu-Ho Lim; Non-executive: Kyung-Shin Park, Min-Ki Jo; Outside: Byung-Ho Kim, Sung-Nam Kim, Min-Soo Kim)
Agenda 3: Capital reduction - reverse stock split of 5 common shares into 1 share (no consideration)

Filing: [Correction of Description] Resolution on Calling a Shareholders' Meeting
Company: Kwang Myung Electric (017040)
Submission: Kwang Myung Electric Co., Ltd.
Receipt: 05-04-2026
Under KRX KOSPI Market Division