Wing's Foot Amends Shareholder Meeting Agenda Adding Stock Consolidation and Outside Director Appointment

Wing's Foot amended its resolution to convene a temporary shareholders' meeting on July 8, 2026, adding detailed agenda items including stock consolidation, business purpose expansion, and appointment of an outside director.
The amendment supplements previously omitted items. The stock consolidation and par value change proposal will be presented at the meeting, though the specific consolidation ratio has not been disclosed.
The addition of business purposes for AI-based medical software and health functional foods was previously announced, and Kim Myeong-gu, an AI strategy consultant, has been recommended as an outside director candidate.
There is no immediate capital or financial impact. If the stock consolidation is approved, the share count will decrease and per-share value will adjust, but no final decision has been made at this stage.
[AI Summary]This amended disclosure by Wing's Foot proceduralizes the agenda for the extraordinary general meeting, including new business objectives, stock consolidation, and outside director election. With the consolidation ratio undisclosed, near-term stock price impact is limited, confirming the company's intent to pursue new ventures and improve governance.