Correction of Largest Shareholder's Stock Pledge: Partial Repayment and Additional Pledge
- Largest shareholder Lee Je-hoon: KB Securities pledge reduced from 546,918 to 161,372 shares (partial repayment) and Leader's Corp pledge increased from 330,000 to 852,000 shares with extension (2026.07.13 → 2026.11.12)
- Total pledged shares increased from 2,727,021 to 2,838,999, debt amount unchanged at approx. 4.98 billion KRW
- Out of 22.37% stake (3,018,782 shares), 2,838,999 shares (≈94%) are pledged; remaining stake would drop to 1.33% if pledges are executed
- Debtor: Lee Je-hoon (CEO), creditors: 5 institutions (Industrial Bank of Korea, Daishin Securities, KB Securities, Hanwha Investment & Securities, Leader's Corp)
- Extension of some pledge periods and new pledges indicate continued financial risk for the largest shareholder
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KOSDAQ Filing Information
- Filing: [Correction of Description] Execution of Stock Pledge Agreement Involving Change of Largest Shareholder
- Company: Pavonine (177830)
- Submission: Pavonine Co., Ltd.
- Receipt: 05-12-2026
- Under KRX KOSDAQ Market Division