iWIN Seeks Stock Price Stabilization and Governance Improvement via Reverse Stock Split and Charter Amendments

iWIN held an extraordinary general meeting on June 23, 2026, approving the establishment of executive compensation regulations, amendments to the articles of incorporation, and a reverse stock split.
The reverse stock split consolidates 10 shares into 1, reducing outstanding shares from approximately 41.9 million to 4.2 million with no change in capital, leaving existing shareholders' proportional ownership unchanged.
The amended articles include the introduction of electronic shareholder meetings and mandatory appointment of independent directors, reflecting revised commercial law to enhance shareholder rights and governance.
iWIN holds a 94% market share in domestic seat heaters, supplying Hyundai and Kia, and is developing new products such as ventilated seats and heated steering wheels for growth.
[AI Summary]The key objectives of this meeting are stock price stabilization through the reverse stock split and governance improvement via charter amendments. While the share consolidation does not alter proportional ownership, the reduced number of outstanding shares may support a higher stock price. However, short-term liquidity and supply-demand imbalances warrant caution.