Stock Consolidation (Reverse Split) and Capital Reduction Decision... Aiming for Price Stabilization, Cash Payment for Fractional Shares

Plutus has decided on a 5:1 stock consolidation (reverse split), reducing total outstanding shares from 47,725,021 to 9,545,004, and increasing par value per share from 500 KRW to 2,500 KRW.
This is conducted simultaneously with a capital reduction, aiming to stabilize the stock price and enhance corporate value.
Compared to the initial disclosure (2026-04-08), the correction (2026-05-28) reflects a conversion right exercise, increasing pre-split shares from 47,125,021 to 47,725,021 (increase of 600,000 shares), accordingly adjusting post-split shares from 9,425,004 to 9,545,004.
New shares become effective on 2026-07-13, trading suspension from 2026-07-09 to 2026-07-30, and new shares listing date is 2026-07-31.
Fractional shares resulting from the consolidation will be paid in cash based on the closing price on the first day of listing of new shares.
[AI Comprehensive Analysis]This stock consolidation accompanied by capital reduction does not change existing shareholders' ownership percentage, but temporarily disrupts trading and fractional share handling. While intended to improve financial structure, the current stock price (406 KRW) implies a post-consolidation price of about 2,030 KRW, below the new par value of 2,500 KRW, which is a concern.