Daesan F&B CEO's Reverse Stock Split Adjusts Share Count with No Dilution or Capital Change

Sangwook Kim, a registered executive and CEO of Daesan F&B, reported a decrease in his holdings from 2,921,244 shares to 292,124 shares due to a reverse stock split effective May 1, 2026.
The reverse split consolidated 10 shares with par value 100 won into 1 share with par value 1,000 won, leaving his ownership percentage unchanged at 1.83% and causing no dilution to existing shareholders.
This disclosure is purely administrative following the stock split, with no capital raising, new investment purpose, or change in governance.
[AI Summary]The CEO's shareholding change is a routine adjustment from a 10-to-1 reverse stock split with no capital movement or dilution, resulting in neutral shareholder value impact. No growth or transformative plans are indicated.