Mirae Asset Capital Terminates Pledge on Mirae Asset Securities Shares and Sees Stake Rise to 33.23% Due to Share Cancellation, Limited Impact on Shareholder Value

Mirae Asset Capital terminated its pledge agreement with Korea Securities Finance for 10,757,306 shares of Mirae Asset Securities effective June 10, 2026, which is considered a normal contract conclusion following full repayment of the secured loan.
During the period, Mirae Asset Securities cancelled 3,230,674 treasury shares, reducing total outstanding shares and automatically increasing Mirae Asset Capital's stake from 32.16% to 33.23%, a 1.07 percentage point rise without any capital movement.
Mirae Asset Capital additionally acquired approximately 5,094,645 shares through open market purchases to strengthen its controlling position, but this is unlikely to act as a short-term price catalyst.
The filing is primarily an amendment report due to the pledge termination, and no dilutive factors such as new capital raising or convertible bond issuance were found.
[AI Summary]The pledge termination by Mirae Asset Capital is positive for financial flexibility but was an expected event with limited market impact. The stake increase from share cancellation is shareholder-friendly but lacks direct reward policy, so the immediate effect on stock price is likely muted.