ZHANG DONGXIAN Acquires 1.7M Shares via Third-Party Allotment, Stake Rises to 10.20%

Major shareholder ZHANG DONGXIAN acquired 1,700,000 common shares at 1,200 KRW per share through a third-party allotment on July 10, 2026, resulting in a 10.20% ownership stake.
The total outstanding shares increased to 16,669,660, and the acquisition amount of approximately 2.04 billion KRW represents about 25% of the current market cap of 8.15 billion KRW.
[AI Summary]The acquisition of shares via third-party allotment by ZHANG DONGXIAN results in approximately 10% dilution for existing shareholders. The unclear purpose of the capital increase and the individual counterparty raise governance concerns, though the acquisition price above market may provide a floor.