Krafton affiliate files bulk holding change - Share cancellation and option exercise cause stake adjustment; tag-along rights retained
Report on change in large shareholding of Krafton by IMAGE FRAME INVESTMENT(HK) LIMITED (the 'reporter').
Reason for change: Decrease in total issued shares (share cancellation) and exercise of stock options since previous report, resulting in holding ratio adjustment (specific figures not disclosed).
Key contract: Tag-along right granted to reporter in case of Jang Byung-gyu (largest shareholder) sells shares triggering change of control.
Special relations: Bon Angels Venture Partners (assets 671.9bn won, liabilities 60.0bn won, equity 611.9bn won), Neptune (assets 338.0bn won, liabilities 23.5bn won, equity 314.5bn won). Neptune's 433,330 shares are cross-held with possible voting restriction.