Major Shareholder Gibong Sim Increases Pledged Shares to 19.99% via Contract Amendment, No Change in Ownership
Major shareholder Gibong Sim entered into a new stock pledge loan agreement with IM Bank on July 6, 2026 for 770,000 shares, increasing the number of shares under major contracts from 2,910,467 to 3,160,467, representing 19.99% of total outstanding shares.
Total shares held by the reporting person and related parties remain unchanged at 4,501,575 shares, with a holding ratio of 28.47%.
Counterparties to the pledge agreements are financial institutions such as IM Bank, Korea Securities Finance, Hana Securities, and Hanyang Securities, which are highly credible with standard contract terms.
[AI Summary]The change in stock pledge contracts by major shareholder Gibong Sim increases financial leverage through additional collateralization of existing shares but does not involve new capital raising or equity dilution. While forced selling risk exists in case of a sharp stock price decline, the collateral maintenance ratios are maintained above 110%, limiting the risk at current price levels.