Extraordinary General Meeting Called Amid 32.23% Capital Reduction and Legal Disputes

Capital reduction: 21,000,000 common shares (32.23%) consolidated at ratio 1.476:1, post-reduction capital 22,076,019,500 won and shares 44,152,039. Purpose: deficit coverage.
Articles amendments: new self-share acquisition/disposal clause, board size reduced to 3-5, independent director ratio at least 1/3, removal of supermajority provision, director remuneration capped at 1 won for new directors.
Director elections: 2 of 5 candidates (Choi Soo-il, Kim Dong-hyun) withdrew. Remaining 3 (Kim Joon-ho, Park Jin-sook, Hwang Shin-yong) re-proposed after court injunctions. Auditor: 2 candidates, 1 (Kim Shin-myung) failed to submit documents.
Remuneration limits: directors total 1 billion won, auditor 100 million won. Includes ratification of 2024 compensation.
Voting abstention: largest shareholder and related parties (Green BTS, Quantum Port) will not vote their 4,845,670 shares.
Trading suspension: stock suspended since June 2025 due to listing eligibility review; decision on delisting expected after May 17, 2026.
Legal disputes: injunctions (Cheongju District Court 2026Kahap538, 539) against previous AGM; same agenda items re-submitted to this EGM.

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