Hankuk Paper Extraordinary General Meeting Resolves Article Amendment and Stock Consolidation

Hankuk Paper passed special resolutions to amend its articles of incorporation and approve a stock consolidation at its extraordinary general meeting held on July 14, 2026. The consolidation ratio is 5 old shares into 1 new share, changing the par value from 1,000 won to 5,000 won. Total outstanding shares will decrease from 190,150,720 to 38,030,144, and the reference price will rise from 545 won to 2,725 won, with no change in market capitalization.
[AI Summary]The stock consolidation aims to improve share price stability by reducing the number of shares without diluting existing shareholders. The proposal passed with overwhelming approval, indicating low governance risk and potential for reduced short-term price volatility.