CCS Chungbuk Broadcasting: EGM Rescheduled, Capital Reduction and Charter Amendments Proposed

EGM date changed from May 12 to May 22, 2026; capital reduction record date changed from May 27 to June 9
Charter amendments: reflecting 2025 Commercial Act revisions, removal of supermajority clause, new treasury stock provision, independent director title and ratio changes
Capital reduction: 21,000,000 common shares (32.23%) cancelled via reverse stock split (1.476:1) to cover deficits and improve financial structure
Director elections: court-ordered candidates Choi Soo-il (inside) and Kim Dong-hyun (outside) resigned; remaining 4 candidates (3 inside, 1 outside) to be elected
Auditor election: court-ordered candidate Kim Shin-myung withdrew due to missing documents; Hyun Ki-yong sole candidate
Remuneration limit approvals: directors KRW 1 billion, auditor KRW 100 million (same as prior year); resubmitted due to legal disputes
Trading suspension since June 23, 2025; improvement period ends May 17, 2026; delisting decision pending
Provisional injunctions (2026Kahap538, 539) against the March 31, 2026 AGM ongoing; agenda items resubmitted

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