Alpha AI Stock Split Proposal Rejected at Shareholder Meeting, Existing Share Structure Maintained

Alpha AI disclosed a correction stating that the stock split resolution was rejected at the extraordinary general meeting on June 30, 2026 due to a lack of quorum.
Consequently, the previously decided 10-for-1 reverse stock split and related amendment to the articles of incorporation are automatically discarded, maintaining the current 20,110,080 outstanding shares and par value of 500 KRW per share.
The planned stock price stabilization and corporate value enhancement initiative through the split will not proceed, and the market price of 520 KRW per common share remains unchanged.
[AI Summary]The rejection of Alpha AI's stock split is a neutral event with no direct loss or dilution to existing shareholders. However, management's attempt to address the low share price has been hindered, potentially weakening short-term stock momentum. Additional measures for value enhancement are needed.