Sewha P&C Approves 5-to-1 Reverse Stock Split and Articles Amendment at EGM

Sewha P&C held an extraordinary general meeting on July 10, 2026, and approved a reverse stock split merging 5 common shares into 1 share. The par value changes from 100 won to 500 won, reducing the total outstanding shares from approximately 41.5 million to 8.3 million.
The amendment to the articles of incorporation was also passed as a special resolution. Both items saw high approval with 36.2% attendance of voting shares and 99.6% approval rate.
The reverse split aims to improve trading liquidity and meet listing requirements. There is no change in capital or new share issuance, so no dilution of existing shareholder value occurs.
[AI Summary]Sewha P&C's 5-to-1 reverse stock split reduces share count but leaves equity unchanged, creating potential price appreciation expectations. High shareholder turnout and approval reflect management credibility, though fundamental value remains unchanged.