Youngpoong's stake in Korea Zinc drops to 41.13% from 46%, maintains 8.59M shares, diluted by new share issuance

Youngpoong and its specially related parties hold 8,585,655 shares (41.13%) of Korea Zinc, unchanged from the previous report, but the total number of voting shares increased by 2,209,716 (from 18,663,253 to 20,872,969), causing the holding ratio to drop from 46.00% to 41.13%.
The report was filed due to a change in the contract regarding the held shares (related to the management cooperation agreement), and the number of shares subject to major contracts remains at 7,706,996 (36.92%), same as before.
The management cooperation agreement includes joint exercise of voting rights, restriction on share disposal (10 years), call option for new shareholders, put option for existing shareholders, drag-along right, tag-along right, and right of first refusal (ROFR).

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