5:1 Reverse Stock Split Decision: Common Shares Reduced from 61,880,083 to 12,376,016
Reverse stock split decision: 5:1 ratio, par value from KRW 500 to KRW 2,500. Total common shares reduced from 61,880,083 to 12,376,016. This is a par value split with no capital reduction.
Schedule: Shareholders' meeting on 2026-07-02, effective date 2026-07-17, listing date 2026-07-31. Trading suspension from 2026-07-15 to 2026-07-30.
Purpose: Maintain appropriate number of outstanding shares.
Fractional shares: Cash payment based on closing price on first listing day.
Board resolution date: 2026-05-22, 2 outside directors present. Subject to change based on shareholders' meeting.