Extraordinary General Meeting Called for Stock Consolidation Approval... Structural Adjustment with No Change in Shareholder Value

Hankuk Paper will hold an extraordinary general meeting on July 14, 2026 at its Onsan plant. The record date for voting is June 15, 2026.
Agenda item 1 is a partial amendment to the articles of incorporation; details require reference to the meeting notice.
Agenda item 2 is approval of a stock consolidation (5:1 reverse split). The par value changes from 1,000 won to 5,000 won, reducing total shares from approximately 190.15 million to about 38.03 million.
The stock consolidation is a structural adjustment reducing shares proportionally, with no change in individual shareholder stakes or enterprise value. However, reduced liquidity due to fewer outstanding shares is a factor for investors.
[AI Comprehensive Analysis]This disclosure represents routine procedures for a stock consolidation and articles amendment without management changes or capital raising. No shareholder value impairment is present, but the absence of growth catalysts or shareholder return policies suggests limited impact on the stock price.