Aekyung Chemical Corrects Stock Option Grant…Cancellation for CEO and One Other Eases Dilution Concern

Correction of stock option grant: reduced from 59,578 shares to 11 persons to 36,666 shares to 9 persons (cancellation of 22,912 shares)
Cancelled: CEO Pyo Kyung-won (19,811 shares) and Director Jang Byung-chul (3,101 shares)
Exercise price 9,354 won, current price 12,850 won (in-the-money), but cancellation reduces potential dilution
Total outstanding options after this grant: 226,685 shares (down from 280,229)
For minority shareholders: Grant size is small, but CEO cancellation signals reduced executive compensation, a mild positive
[AI Summary]Although a minor correction, the cancellation of grants to two individuals including the CEO slightly reduces potential equity dilution and may be interpreted as a positive signal regarding executive compensation.