AEKYUNG CHEMICAL, Correction on Stock Option Grant: Slight Decrease in Grant Size and Partial Exercise, Negligible Impact on Shareholder Value

The correction reduces the number of grantees from 5 to 4 and total granted shares from 31,594 to 28,991, reflecting cancellations and partial exercises.
Exercise price remains at 11,696 KRW per share, fair value at 2,527 KRW, with exercise period from March 27, 2023 to March 26, 2028.
Total outstanding stock options after this grant are 164,482 shares, representing only about 0.34% of total outstanding shares (48,648,709), resulting in negligible dilution.
[AI Summary]This filing is a routine correction updating the grant size and exercise status, with limited impact on stock price and shareholder value. The dilution is minimal and it is considered a regular procedure for management incentives.