EXA E&C Calls Shareholder Meeting for 5:1 Stock Consolidation and Articles Amendment, Aiming to Stabilize Share Price via Reduced Shares

The shareholder meeting will vote on a 5:1 stock consolidation and amendments to the articles of incorporation. Post-consolidation, outstanding shares will decrease from 33,173,548 to 6,634,709, with par value changing from KRW 500 to KRW 2,500.
The purpose is to maintain appropriate share count to stabilize the stock price and enhance corporate value. Fractional shares will be paid in cash.
The articles amendment includes new provisions for treasury stock holding and disposal, introduction of electronic shareholder meetings, and terminology changes to independent directors, reflecting governance improvements.
The meeting will utilize electronic voting and proxy systems, with the electronic proxy period corrected to June 26 to July 6.
[AI Summary]EXA E&C's stock consolidation reduces outstanding shares to stabilize price without direct capital change. Governance improvements via articles amendment are positive but near-term shareholder value impact is limited. Liquidity may decrease due to fewer shares outstanding.