Largest Shareholder Yoon In-wan Dissolves Special Relationship Due to Officer Resignation, Holding Ratio Dips to 19.54%, Extends Pledge Agreement with IBK Bank
The reporter, largest shareholder Yoon In-wan, reduced the number of special relationships from 8 to 7 due to the resignation of officer Han Dong-woo. The total shares held decreased by 66,160 shares to 3,226,022 shares, dropping the ownership ratio from 19.94% to 19.54% a 0.40%p decrease, which is not a sale but a reclassification of special relationship status.
Yoon In-wan has a pledge agreement with IBK Bank for 724,138 shares representing 4.39% of total shares, with a loan amount of 700 million KRW, interest rate of 4.811%, and maintenance ratio of 120%. The initial contract was signed in May 2025 and was extended to May 2027 with increased collateral from 446,809 to 724,138 shares upon maturity in May 2026.
As the largest shareholder, the reporter maintains the purpose of influencing management. No specific plans for management change are currently in place, but decisions will be made in line with corporate objectives if necessary.
[AI Summary]The adjustment in shareholding due to dissolution of special relationship does not involve actual capital changes or dilution risk. The extension and increase of the pledge loan with IBK Bank indicates leverage but counterparty risk is low. Limited direct impact on stock price.