SI Resources Announces 10:1 Stock Consolidation and Schedule Adjustment... Cash Payment for Fractional Shares to Existing Shareholders, Aiming to Enhance Corporate Value

Stock Consolidation Decision: 10 common shares will be merged into 1 share (face value from KRW 100 to KRW 1,000), reducing issued shares from 77,482,810 to 7,748,281.
Purpose: To enhance corporate value and stabilize stock price by maintaining an appropriate number of shares.
Schedule: The effective date of new shares and the start of trading suspension will be determined later in accordance with the listing schedule of the previous capital increase (November 2025).
Fractional Shares: Fractional shares less than one share after consolidation will be paid in cash based on the closing price on the first listing day, which may change the final number of issued shares.
Shareholder Approval: The consolidation was proposed as a special resolution at the 39th regular shareholders' meeting (already passed on March 30, 2026).
Caution: This consolidation does not reduce capital, but includes unlisted shares from the capital increase (approximately 5.9 million shares), linking the listing schedule after consolidation.
[AI Comprehensive Analysis]The 10:1 reverse stock split aims to stabilize the stock price and improve corporate image, but it does not change fundamental value. The low stock price (KRW 239) and unlisted shares from the capital increase may increase short-term volatility, and the consolidation alone cannot improve business conditions.