Correction of Pledge Share Ratio to 1.43% After Cancellation of 2.16 Million Treasury Shares
Reason for correction: Due to the cancellation of 2,167,958 treasury shares, total outstanding shares decreased from 13,493,951 to 11,325,993, and the largest shareholder Lee Je-hoon's stake upon full enforcement of pledge was corrected from 1.199% to 1.43%.
Largest shareholder Lee Je-hoon has pledged a total of 2,856,999 shares (94.6% of holdings) through five pledge agreements, with total pledge amount of 8.448 billion won and total debt of 4.981 billion won.
Upon full execution of pledges, shares held by the largest shareholder would drop to 161,783, reducing ownership from 26.65% to 1.43%, potentially losing largest shareholder status.