Largest Shareholder Donghyun Kim Increases Holdings by 3,000 Shares via Market Purchase and Options, but Ownership Drops to 27.46% Due to Share Dilution, Maintaining Management Control
As of the reporting date (2026-05-29), the largest shareholder Donghyun Kim and his special relations hold 3,350,280 shares (27.46%), an increase of 3,000 shares from the previous report, but the total voting shares outstanding increased by 722,831 shares (due to stock option exercises, etc.), resulting in a 1.71 percentage point decline in ownership ratio
The changes resulted from open market purchases (Kim 1,000 shares, Bin Jun-gil 2,000 shares) and stock option exercises by special relations Lim Hyun-kook and Kim Chang-il (total 100,580 shares), thereby reducing potential shares (stock options) to 302,700
The purpose of holdings remains to influence management (exercising voting rights on director appointments, capital changes, mergers, etc.), with no major contracts (collateral, lending, etc.) in place
[AI Summary]Although the largest shareholder increased the number of shares through market purchases and option exercises, the ownership percentage declined due to an increase in total shares outstanding, resulting in a slight dilution risk for existing shareholders. However, the goal of stabilizing management control suggests a low likelihood of near-term control changes, limiting direct impact on the stock price.