5:1 Reverse Stock Split and 68.2 Billion Won Net Loss… Going Concern Uncertainty Raised
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Recorded net loss of 68.2 billion won in 2025 (previous year: 43.2 billion won), operating loss of 10 billion won
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Current liabilities of 116.4 billion won exceed current assets of 54.9 billion won by 61.5 billion won
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Total equity of 6.2 billion won, down 91.4% from 72.3 billion won at end of 2024
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Set up PF completion guarantee provisions of 61.7 billion won, with additional 42.9 billion won recognized in the period
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Proposed agenda for 5:1 reverse stock split (5 shares consolidated into 1)
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Agenda to dismiss all existing 3 inside directors and 1 outside director, and elect 7 new directors
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Audit report includes going concern uncertainty; recovery of asset and liability carrying amounts is uncertain
KOSPI Filing Information
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Filing: [Correction of Description] Notice of Shareholders' Meeting
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Company: Kwang Myung Electric (017040)
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Submission: Kwang Myung Electric Co., Ltd.
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Receipt: 05-18-2026