Largest shareholder Jeong Ji-wan maintains 77.27% stake with 500-share open market purchase... new stock pledge agreement (neutral disclosure)
The total shares held by filer Jeong Ji-wan and special relations increased by 500 shares from 15,842,681 to 15,843,181, but the holding ratio remained unchanged at 77.27% of 20,503,981 outstanding voting shares.
The 500-share increase resulted from an open market purchase by special relation Do Seung-cheol on May 18, 2026, at KRW 54,496 per share, funded by personal earned income (KRW 27.248 million).
New stock pledge agreement: Jeong Ji-wan pledged 1,028,380 shares (5.02% stake) to Korea Securities Finance as collateral for a KRW 55 billion loan to CJW Global Co., Ltd. Combined with existing pledges (Materialspark Co., Ltd. 658,808 shares, Jeong Ji-wan 350,000 shares), total pledged shares amount to 2,037,188 shares (9.94% of outstanding).
As the largest shareholder, the filer holds the stake for the purpose of influencing management. Currently, there are no specific plans for management change, but future decisions will be made in accordance with relevant laws and shareholder interests.
[AI Comprehensive Analysis]This disclosure is a routine report on a minor share increase and renewal of existing pledge contracts, with no material change in stake or management control. The impact on stock price is neutral. Investors should monitor the pledged share volume (9.94%) and associated loan repayment risks.