Slight Downward Adjustment of Stock Option Exercise Price (2,410 won → 2,405 won)


  • Exercise price adjustment: Slight downward revision from 2,410 won to 2,405 won due to rights offering (correction filing).
  • Grant size: Stock options representing 2.99% of total outstanding shares (34,989,932 shares) granted (board resolution on 2020.03.25).
  • Exercise period: From 2 years after grant date to within 5 years (2022.03.25~2025.03.25).
  • Fair value: 978 won per option using Black-Scholes model (exercise price 2,485 won, reference stock price 1,485 won).
  • Potential dilution: Approximately 2.99% dilution if all options exercised.
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KOSPI Filing Information


  • Filing: [Correction of Description] Report on Grant of Stock Options
  • Company: DAIYANG METAL (009190)
  • Submission: DAIYANG METAL CO., LTD
  • Receipt: 05-18-2026