Major Shareholder Won-il Kang's Holdings Reduced by 1.79M Shares via Stock Consolidation, Ownership Stays at 5.15% - Neutral Capital Structure Adjustment
Report trigger date: May 1, 2026; Report base date: June 2, 2026
Reporter: Won-il Kang (CEO, de facto controlling shareholder, resident of Anyang, Gyeonggi-do)
Reason for change: Stock consolidation (reverse split) leading to reduction in shares held
Before: 2,233,095 common shares (5.15%) → After: 446,619 common shares (5.15%), Change: -1,786,476 shares
Ownership percentage unchanged: Total outstanding shares reduced proportionally, maintaining the same 5.15% stake
Total specified securities: 446,619 shares (all common stock; no other securities)
This is a routine capital structure adjustment (stock consolidation) with no change in management control or additional funding plans
[AI Summary]This disclosure reflects a simple capital restructuring via stock consolidation, where the CEO and major shareholder Won-il Kang's share count decreased but his ownership ratio remained at 5.15%. Since there is no underlying equity transaction or capital raising purpose, the impact on shareholder value is neutral, and no special risks related to stock price outlook or investment are identified.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders