Alteogen Sets Record Date of August 6, 2026 for Free Stock Issuance Shareholder Determination

Alteogen resolved on July 16, 2026 to set the record date of August 6, 2026 for determining shareholders eligible for free stock allocation.
This is based on Article 354 of the Korean Commercial Act and no book closure period is separately set due to the introduction of electronic securities.
The free stock issuance distributes additional shares to existing shareholders at no cost, potentially diluting stock price but maintaining ownership percentages.
A related disclosure of the free stock issuance decision was made on July 16, 2026.
[AI Summary]Alteogen's setting of the record date for free stock issuance is a procedural step to enhance shareholder value. The actual dilution effect depends on the issuance ratio and can boost shareholder loyalty without capital raising.