HanWool & Jeju Calls Extraordinary General Meeting for Stock Split, Business Expansion, and Capital Surplus Reduction to Improve Financial Structure
Stock split 5:1 to increase tradable shares, new shares to be listed
Business purpose expanded to include defense, robotics, real estate development for diversification
Capital surplus reduction of 84.4 billion won to cover accumulated deficit, improving financial structure
Election of 3 inside directors and 1 outside director, auditor election agenda
Electronic voting introduced for shareholder convenience
[AI Summary]This extraordinary general meeting aims to boost trading liquidity via a stock split and amend articles for defense sector entry. The capital surplus reduction strengthens the balance sheet, but extensive related party transactions and past capital changes warrant investor caution.