5:1 Reverse Stock Split Decision

LaonPeople decided on a 5:1 reverse stock split, merging share par value from 500 won to 2,500 won
Total issued shares will decrease from 49,504,016 to 9,900,803 after the merger
Purpose is to maintain proper stock price and enhance corporate value by adjusting the number of outstanding shares; not a capital reduction
Effective date of the stock split is July 31, 2026; new shares listing expected on August 20, 2026
Fractional shares will be paid in cash based on the closing price on the first listing day
Subject to special resolution at extraordinary general meeting on June 29, 2026, and may change based on results