Stock Split Decision: 10:1 Reverse Split Reducing Outstanding Shares to 42,115,757, Aiming to Stabilize Share Price and Enhance Corporate Value

AeroSpace Technology of Korea has decided on a 10:1 reverse stock split effective August 11, 2026, reducing outstanding shares from 421,157,579 to 42,115,757.
Par value changes from 500 KRW to 5,000 KRW; this is not a capital reduction.
Purpose: maintain appropriate circulating shares to stabilize stock price and enhance corporate value.
Correction reason: exercise of conversion rights increased pre-split shares from 415,157,579 to 421,157,579 (approx. 6 million shares increase).
Schedule: shareholder meeting July 9, 2026, new shares effective August 11, trading halt August 7-27, listing August 28.
Fractional shares will be paid in cash based on closing price on the first listing day.
[AI Summary]This reverse split is a structural adjustment that reduces share count without changing equity value, aimed at stabilizing the stock price; limited direct impact on shareholder value in the short term.