Jeong Mong-geun's Stake in Hyundai G.F. Holdings Drops to 7.10% as Share Exchange with Home Shopping Boosts Total Shares by 13%

As of June 30, 2026, de facto controlling shareholder Jeong Mong-geun holds 13,013,353 common shares of Hyundai G.F. Holdings, unchanged from the previous report, but his ownership ratio decreased from 8.01% to 7.10% due to an increase in total outstanding shares from a share exchange with Hyundai Home Shopping.
Total outstanding shares increased to 183,397,199, causing an approximate 13% dilution for existing shareholders while the major shareholder's economic interest remained unchanged.
This report is a periodic filing confirming the ownership change and does not disclose any additional capital actions such as share buybacks or dividend policies.
[AI Summary]The drop in Jeong Mong-geun's stake results from a share exchange to acquire Hyundai Home Shopping, imposing a 13% dilution on existing shareholders. Without clear synergy evidence, this may negatively impact short-term stock price, and the absence of further capital return plans limits investment appeal.