TBC Approves 5:1 Reverse Stock Split at Extraordinary General Meeting... Aiming for Price Stabilization and Listing Maintenance

Meeting Result: The special resolution to amend articles of incorporation for a 5:1 reverse stock split passed with 98.8% approval (55.6% of outstanding shares voted at the extraordinary general meeting held on May 28, 2026).
Purpose: To stabilize stock price and enhance corporate value by increasing par value from KRW 500 to KRW 2,500. Total shares will reduce from 94,535,650 to 18,907,130 while capital remains unchanged at KRW 50 billion.
Impact on Shareholders: No change in equity ratio as this is not a capital reduction. Fractional shares will be paid in cash at the closing price on the first listing day of new shares.
Schedule: New shares effective from June 12, 2026; expected listing on June 30, 2026; trading suspension from June 10 to June 29.
[AI Comprehensive Analysis]The reverse split is a mechanical adjustment without changing capital or ownership, mainly to meet listing standards and attract investor attention. Whether it leads to a sustainable price recovery depends on future earnings performance.