Major Shareholder Kang Il-mo's Shares Reduced to 2,098,052 via 5:1 Stock Consolidation; Ownership Unchanged at 37.62%
Kang Il-mo (non-registered executive, chairman, and major shareholder with over 10% stake) reported that due to a stock consolidation (face value merger) effective May 19, 2026, his holdings decreased from 10,490,261 shares to 2,098,052 shares, while total outstanding shares also decreased from 27,887,050 to 5,577,410, resulting in no change in his ownership ratio at 37.62%.
This 5:1 stock consolidation aims to increase per-share value and does not dilute existing shareholders' proportional ownership.
[AI Summary]Although the number of shares held decreased due to the stock consolidation, the total outstanding shares decreased proportionally, leaving the ownership percentage unchanged, making this a neutral disclosure with no direct impact on shareholder value.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders