Samsung Life Special Account Slightly Reduces Hotel Shilla Stake; Major Shareholder Stake Edges Down to 17.36%

Samsung Life Insurance's special account sold approximately 11,962 common shares of Hotel Shilla on the open market during May 2026, reducing the major shareholder group's stake from 17.39% to 17.36%, a decrease of 0.03 percentage points.
The special account's individual holding fell from 24,466 shares at the start of May to 12,504 shares as of May 29, a decline of about 49%, primarily through open market sales.
Other related parties such as Samsung Life's main account, Samsung Electronics, and Samsung Securities did not change their holdings, indicating this is a routine portfolio adjustment without affecting control.
Given the current market cap of approximately 2.16 trillion KRW and a share price of 55,100 KRW, the transaction size is negligible and unlikely to impact the stock price in the short term.
[AI Summary]This disclosure reflects a minor open-market sale by a special account of the major shareholder, resulting in a slight stake adjustment. It does not involve any change in management control or governance structure, making its impact on stock price and investor sentiment neutral.