Extraordinary General Meeting Called for 10:1 Stock Split and Articles Amendment to Stabilize Stock Price

Extraordinary General Meeting called for June 4, 2026 at 11:00 AM at KNN Tower, Haeundae-gu, Busan. Agenda: amendment of articles of incorporation and stock split.
Stock split: par value from 500 won to 5,000 won (10:1). Total shares from 132,429,720 to 13,242,972. No change in capital (66.2 billion won). Purpose: stabilize stock price and enhance corporate value.
Split schedule: record date July 7, effective July 7, trading halt July 3-27, new shares listing July 28. Fractional shares paid in cash.
Articles amendment: change in par value per share (Article 6). No other changes such as cumulative voting exclusion.
2025 financial results: revenue 68.5 billion won, operating profit 3.2 billion won, pre-tax profit 13.2 billion won. Broadcasting advertising dependence 32.7%.
Terrestrial broadcasting ad market share: KOREA NEW NETWORK 1.5% (2025). Competitors KBS, MBC, SBS 85.2%.
Outside director compensation: Q1 2026 total 27 million won for 3 directors (9 million each). Annual approved limit 3 billion won (for 11 registered directors).
Audit committee: Appointed AhnKyung Accounting Corp. as external auditor for 2026-2028 (board meeting Feb 12, 2026). Board attendance rate 100%.
Transactions with related parties: none exceeding specified thresholds.

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