8:1 Reverse Stock Split and Capital Reduction (87.5% Reduction Rate, Financial Restructuring Under Rehabilitation Plan)

Decision on capital reduction via 8:1 reverse stock split (87.5% reduction rate)
Record date: May 21, 2026
Reason: Financial restructuring under the Debtor Rehabilitation and Bankruptcy Act (court-approved rehabilitation plan)
Shares outstanding before: 112,814,744 → after: 14,101,673
Capital before: KRW 56,407,372,000 → after: KRW 7,050,836,500
Fractional shares (less than 1 share) will be canceled without compensation
Capital reduction will be conducted sequentially after debt-to-equity swap
Board resolution date (court approval date): May 19, 2026; shareholders' meeting replaced by court approval

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