NHN Decides to Merge NHN Investment in a No-Sh-Issue Merger Causing No Shareholder Dilution

NHN decided on July 8, 2026 through a board resolution to absorb its wholly-owned subsidiary NHN Investment.
The merger is a small-scale merger with no new shares issued, resulting in no change to the total number of shares or capital, and no appraisal rights are granted.
The purpose is to streamline the group structure, focus business capabilities, and improve cost efficiency and resource management.
The merger date is September 30, 2026. NHN will survive and NHN Investment will be dissolved.
However, if shareholders holding 20% or more of total outstanding shares object in writing within two weeks of the merger announcement, the small-scale merger process may be halted.
[AI Summary]NHN's decision to absorb its subsidiary via a no-share-issuance merger poses zero dilution risk to existing shareholders and is expected to enhance management efficiency through restructuring. The 20% threshold for opposition limits short-term stock price volatility.