90% Capital Reduction (10:1 Stock Consolidation) to Improve Financial Structure

Decided 90% capital reduction (10:1 stock consolidation) to cover deficit and improve financial structure
Consolidation of 10 common shares (face value 1,000 won) into 1 share; outstanding shares reduced from 71,523,533 to 7,152,353 (90% reduction)
Capital stock reduced from 71,523,533,000 won to 7,152,353,000 won (90% reduction)
Shareholder meeting scheduled on May 21, 2026; record date for reduction June 5, 2026; expected listing change June 30, 2026
Trading suspension from June 4 to June 29, 2026
Reduction passed by ordinary resolution, creditor objection procedure omitted
Fractional shares (less than 1) to be paid in cash based on closing price on the first day of changed listing

ADVERTISEMENT (250px+)