CEO Hye-won Choi reports position after 10:1 reverse stock split and partial warrant sale, ownership ratio edges up to 1.91%

This periodic report updates the ownership status of Hye-won Choi, CEO and de facto controlling shareholder of Hyungji I&C, as of June 30, 2026.
A 10:1 reverse stock split on April 15, 2026 reduced her common shares from 621,613 to 62,161 with no change in equity value, maintaining her stake at 1.45% of outstanding shares.
On June 17, she received 40,561 stock purchase warrants from a rights offering and subsequently sold 20,281 warrants over-the-counter at 30 KRW per warrant on June 23. The remaining 20,280 warrants could dilute existing shareholders if exercised.
Total specific securities held reached 82,441, including 62,161 common shares and 20,280 warrants, representing 1.91% ownership. The reverse split does not impair shareholder value, but warrant exercise may dilute minority interests.
[AI Summary]CEO Hye-won Choi's ownership change primarily reflects the 10:1 reverse split and partial warrant disposal from a rights offering. The reverse split had no dilution effect, but the outstanding warrants create potential future dilution. The reported 1.91% ownership ratio is a mechanical result of the share consolidation and warrant activities.