Convocation of Extraordinary General Meeting for 5:1 Share Consolidation and Articles Amendment
WOOREE E&L Haroutine is convening an extraordinary general meeting on July 15, 2026 to approve a 5:1 share consolidation.
Post-consolidation total shares will reduce from 51,480,000 to 10,296,000 with face value changing from 500 KRW to 2,500 KRW.
Capital remains unchanged at 25.74 billion KRW with no capital increase or dilution.
The company holds 2,110,900 treasury shares with no voting rights; related party stake is 41.50%.
Electronic proxy and voting are available; physical proxy forms also accepted.
[AI Summary]The share consolidation is a defensive measure to stabilize stock price and enhance corporate value with no immediate impact on shareholder value. It is a structural adjustment without capital change. Trading suspension period should be noted.