SUN KWANG Honorary Chairman Sim Jeong-gu Gifts 100,000 Common Shares, Reducing Stake to 0.70%

SUN KWANG Honorary Chairman Sim Jeong-gu gifted 100,000 common shares to Shim Woo-yeon and Shim Woo-jun on June 16, 2026.
As a result, Sim's holdings decreased from 146,125 shares to 46,125 shares, lowering his stake from 2.21% to 0.70%.
This gift is a private transfer between individuals, not a market sale, and does not change the total outstanding shares, so no dilution for existing shareholders.
The stake change appears to be personal asset management by a non-registered executive and is unrelated to the company's management or capital raising plans.
[AI Summary]The gift of 100,000 common shares by SUN KWANG Honorary Chairman Sim Jeong-gu is a personal asset transfer with no direct impact on the company's capital structure or shareholder value. The reduction in insider stake may lower ownership risk but could also signal reduced management involvement.