Approval of 5:1 Reverse Stock Split (Par 500→2500 Won) and Disposal of 1.3M Treasury Shares
Approval of reverse stock split: par value changed from 500 won to 2,500 won at a 5:1 ratio, reducing total outstanding shares from 32,316,799 to 6,463,359
Approval of treasury share disposal: company will sell 1,300,000 treasury shares (4.02% of outstanding) via on-market sale to secure internal operating funds
Articles amendment: change of par value and revision of self-share holding/disposal clause to reflect revised Commercial Act
Timeline: EGM on May 21, 2026; stock split effective June 23, 2026; trading suspension June 19 – July 9, 2026; new shares listing July 10, 2026
KOSDAQ Filing Information
Filing: [Correction of Description] Proxy Solicitation Reference Documents