HanWool & Jeju Corrects Stock Split Decision Reflecting Capital Increase, Dilution Concern as Shares Rise 50%

HanWool & Jeju corrected its previous stock split decision on July 14, 2026, to reflect the change in total outstanding shares following the completion of a third-party allotment capital increase on July 9.
The stock split ratio remains 1-for-5, but the pre-split shares increased from 2,371,816 to 3,578,463, a roughly 50% increase. Consequently, post-split shares are now 17,892,315.
The capital increase issued 1,206,647 new shares, diluting existing shareholders' stakes by over 50%. While the stock split itself does not affect ownership, the dilution from the capital raise is a key risk.
The stock split agenda will be presented at the extraordinary general meeting on July 16, with the new shares expected to list on August 18. Increased float may lead to short-term volatility.
[AI Summary]This correction is an administrative update reflecting the share count increase from the capital increase. The split is neutral, but the dilution exceeding 50% negatively impacts existing shareholder value. Monitor shareholder approval and future use of proceeds.