Stock Merger Keeps Executive Ownership Ratio Unchanged, Only Share Count Reduced Proportionally

Director Kim Sang-tae (non-registered) reduced his holdings from 90,451 to 18,090 shares, a decrease of 72,361 shares (approximately 80%).
The reduction is due to a stock merger (reverse split) effective May 1, 2026, which proportionally reduced total outstanding shares, leaving his ownership ratio unchanged at 0.20%.
A stock merger is a routine adjustment of share count through par value change, with no impact on enterprise value or financials. Thus it is neither positive nor negative for investors.
[AI Summary]This disclosure reports a proportional adjustment in an executive's share count due to a stock merger, a neutral event with no capital change or dilution. It has no bearing on stock price outlook or investment risk, and no change in control.