Stock Consolidation to Stabilize Stock Price and Enhance Corporate Value

Solicitor: TBC Inc., General Meeting Date: May 28, 2026
Articles Amendment: 5 common shares → 1 share (par value from KRW 500 to KRW 2,500)
Total shares: 94,535,650 → 18,907,130 (capital remains KRW 50 billion)
Fractional shares to be paid in cash based on closing price on first listing day
Purpose: Stabilize stock price and enhance corporate value
Schedule: Board resolution Apr 21, EGM May 28, consolidation effective Jun 12, listing Jun 30 (trading halt Jun 10-29)
This is not a capital reduction; subject to special resolution at general meeting