Withwin Investment Association 91 increases stake to 14.73% including special relations, maintains management influence purpose
Filer Withwin Investment Association 91 added two special relations (Kim Ji-eun, Bae Jin-han), increasing its reported stake from 12.24% to 14.73% (increase of 886,888 shares).
The increase consists of special relations' on-market purchases (Kim: 87,137 shares, Bae: 799,751 shares); the filer's own holdings remained unchanged at 4,065,887 shares.
The filer holds the stake for the purpose of influencing management and plans to participate in major decisions such as executive appointments, capital changes, and mergers.
All acquisition funds were self-financed (partner contributions and investment gains) with no borrowings.
[AI Summary]This disclosure is a routine update reflecting the inclusion of special relations' shares in the existing major shareholder's stake. There is no new issuance or capital change, so the direct impact on shareholder value is limited, and it is assessed as a neutral event.