Deepening Management Crisis and Delisting Risk: CCS Chungbuk Broadcasting

Consolidated net loss of KRW 1.94 billion in Q1 2026 (vs. KRW 0.61 billion loss in same period last year).
Trading suspension since June 2025 and delisting risk; improvement period ends May 17, 2026, after which delisting decision will be made.
Largest shareholder (Green BTS, etc.) failed to obtain approval for change of controlling shareholder under Broadcasting Act; subject to corrective orders and ongoing administrative litigation.
Ongoing management dispute: multiple shareholder lawsuits, requests for director removal, and other legal battles.
Decision for 32.23% capital reduction (reverse stock split) scheduled for June 2026 to offset accumulated deficits.
Not technically capital-impaired, but low debt ratio of 17.15% and declining equity due to accumulated losses.
Holds 4,666,878 treasury shares (7.16%); no specific shareholder return policy.
Internal accounting control review opinion disclaimed: material weakness exists.
Multiple contingent liabilities and lawsuits (total claims amount to billions of KRW).

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