TBC Announces 5:1 Reverse Stock Split to Stabilize Share Price and Enhance Corporate Value

Extraordinary general meeting on May 28, 2026, proposes a 5:1 reverse stock split (par value from KRW 500 to KRW 2,500)
Total shares reduce from 94,535,650 to 18,907,130; capital remains unchanged at KRW 50 billion
Purpose: stabilize stock price and enhance corporate value
Q1 2026 consolidated revenue: KRW 7.37 billion (down KRW 2.3 billion YoY), operating loss KRW 450 million, net income KRW 200 million
Total assets KRW 136.23 billion, equity KRW 130.19 billion
Two outside directors; Q1 2026 compensation paid KRW 12 million (annual approval limit KRW 1.2 billion)
Broadcasting ad market share: 0.4% (2024)
Articles of incorporation amended to reflect stock split, effective June 12, 2026