UTI INC. Largest Shareholder Deokyoung Park Reports Amendment to Shareholder Agreement with Seven Bridge Unique Glass New Technology Investment Association 2
This amendment to the substantial shareholding report shows no change in the number of shares held 6,311,640 shares or the ownership stake 31.89%, but the terms of the agreements regarding those shares have been modified.
On July 13, 2026, the largest shareholder Deokyoung Park entered into a new shareholder agreement with Seven Bridge Unique Glass New Technology Investment Association 2, adding restrictions on the disposal of 3,329,760 shares, tag-along rights, preemptive rights, and an obligation to pledge 1,040,000 shares as collateral.
The existing joint ownership and shareholder agreement with special related party Corning Hungary Data Services LLC remains in effect. This change is interpreted as enhancing management stability.
[AI Summary]This report is an amendment due to the signing of a new shareholder agreement with an investor. There is no dilution or capital change. The agreement restricts the largest shareholder's share disposal and strengthens investor protections, which may reduce short-term stock price volatility but could be favorable for maintaining control.