CCS Completes 32.23% Capital Reduction, Shares Shrink from 65.15M to 44.15M

CCS finalized a 32.23% capital reduction on July 28, 2026, completing the registration of capital decrease. The record date was July 14 and the effective date July 15, with the changed listing scheduled for August 4.
The reduction decreases common shares from 65.15 million to 44.15 million, a drop of 21 million shares, and reduces capital from KRW 32.5 billion to KRW 22.0 billion. Both major and minority shareholders are reduced equally, maintaining relative ownership.
The par value remains KRW 500 per share. The reduction is executed by canceling shares, which is expected to improve per-share metrics such as book value and earnings per share.
[AI Summary]The completion of a 32.23% capital reduction by CCS positively impacts shareholder value by significantly reducing outstanding shares without diluting ownership percentages. However, the specific purpose and financial restructuring benefits require further disclosure, and market reaction post-listing on August 4 will be key.