YeSUN Tech Calls EGM to Approve 5:1 Reverse Stock Split and Treasury Share Disposal Plan... Aimed at Price Stabilization and Employee Incentives, Limited Impact on Shareholder Value

Proposal to amend articles to conduct a 5:1 reverse stock split (face value from 100 won to 500 won). Outstanding shares will reduce from 33,000,440 to 6,600,088, but total capital (3.3 billion won) remains unchanged. Trading suspension expected from June 30 to July 22.
Approval sought for plan to hold and dispose of treasury shares: out of 320,073 treasury shares (0.97% of outstanding), 81,118 shares to be granted as performance compensation to 13 employees, and remaining 238,955 shares to be held for business purposes (new technology, etc.). Disposal will result in minimal dilution of about 0.25%.
Shareholder approval required to allow exception to mandatory cancellation under new commercial law. Plan will be re-approved at next AGM.
[AI Summary]Overall, the reverse split and treasury share disposal have limited impact on minority shareholder value, viewed as management normalization to support price stability and employee motivation.