KESPION Amends Stock Option Grant Report, Adjusts Exercise Price and Shares for Reverse Stock Split

KESPION submitted an amendment to its stock option grant report on July 2, 2026, adjusting the exercise price and number of granted shares to reflect a reverse stock split implemented after the original grant on March 30, 2022.
The number of shares subject to options was reduced from 727,500 to 363,750, while the exercise price was doubled from 2,560 KRW to 5,120 KRW. This mechanical adjustment maintains the total economic value of the options unchanged.
The adjusted total granted shares of 363,750 represent approximately 1.9% of the outstanding shares of 19,177,757. All other terms, including the exercise period from March 30, 2024 to March 29, 2027, remain unchanged.
[AI Summary]This amendment is an administrative correction reflecting the reverse stock split, with no new capital raising or incremental dilution. The impact on shareholder value is neutral, and the disclosure does not alter the fundamental outlook for the stock.