5:1 Reverse Stock Split and 68.2 Billion Won Net Loss… Going Concern Uncertainty Raised

Recorded net loss of 68.2 billion won in 2025 (previous year: 43.2 billion won), operating loss of 10 billion won
Current liabilities of 116.4 billion won exceed current assets of 54.9 billion won by 61.5 billion won
Total equity of 6.2 billion won, down 91.4% from 72.3 billion won at end of 2024
Set up PF completion guarantee provisions of 61.7 billion won, with additional 42.9 billion won recognized in the period
Proposed agenda for 5:1 reverse stock split (5 shares consolidated into 1)
Agenda to dismiss all existing 3 inside directors and 1 outside director, and elect 7 new directors
Audit report includes going concern uncertainty; recovery of asset and liability carrying amounts is uncertain

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