Plutus Investment Approves 50% Capital Reduction and Stock Split at EGM… Financial Restructuring and New Director Appointments

Plutus Investment held an EGM on June 1, 2026, and passed a 50% capital reduction (2:1) and stock split to offset accumulated deficit (approval rate 100%, quorum 33.4%)
After reduction, shares will be consolidated at a 5:1 ratio (par value 500 won → 2,500 won), reducing total shares from 94,250,042 to 8,805,042
New inside directors: Yoon Yoon-jung (ex-LG Innotek), Baek Sang-hyun (FG Max VP), Park Hyung-joon (Plutus investment team); new outside director: Choi Hyung-woo (EasyCareTech overseas head)
Company name to change to 'GMI Venture Co., Ltd.'
[AI Summary]While the capital reduction imposes a 50% equity dilution on existing shareholders, it aims to improve financial health via deficit clearance; the new management team and rebranding signal a strategic pivot, offering mid-to-long-term value upside despite short-term price pressure.