Insanga Calls EGM for Stock Consolidation and Article Amendments

Extraordinary General Meeting of Shareholders to be held on May 20, 2026. Agenda: amendment to articles (par value from 100 won to 1,000 won), stock consolidation (10:1), removal of inside director (Hong Jong-deuk) and appointment (Choi Jong-jin).
Purpose of stock consolidation: stabilize stock price and enhance corporate value. Post-consolidation shares: from 38,411,505 to 3,841,150; capital from 3,841,150,500 won to 3,841,150,000 won.
Reason for removal of inside director Hong Jong-deuk: violation of laws and articles, loss of trust.
Recommendation of inside director candidate Choi Jong-jin (current managing director): experience as head of production and CEO of subsidiary.
Recent financials (2024): sales 32,484 million won, operating profit 814 million won, assets 101,751 million won, liabilities 36,144 million won, equity 65,607 million won.
New manufacturing plant under construction in agro-industrial complex; production capacity expected to quadruple upon completion.

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