CEO Jeong Jae-yeong of Exion Group Reports Reduced Holdings Due to 5:1 Reverse Stock Split, Ownership Adjusted to 6.10%

Jeong Jae-yeong co-CEO of Exion Group reported that his holdings of specific securities decreased from 3,015,653 shares to 603,968 shares due to a 5:1 reverse stock split effective May 7, 2026.
After the split, total outstanding shares stand at 9,296,521, and his ownership including convertible bonds stands at 6.10%, down from 6.88% previously.
This is a routine administrative procedure from a capital reduction with no new capital raise or dilution, thus no direct impact on existing shareholder value.
[AI Summary]The CEO's share reduction is purely a mechanical adjustment from the reverse stock split with no change in economic value. This neutral event does not affect capital structure or control, warranting low investor attention.