Par Value Change (500→1,000 KRW) Causing Reverse Stock Split, Name Change (Abpro Bio→RootK) and Major Business Purpose Revision

Agenda at the 23rd extraordinary general meeting: change of corporate name from Abpro Bio to RootK
Major revision of business purpose: removal of existing biotech/manufacturing clauses, addition of new businesses including entertainment (music, performance, video), logistics, secondhand goods distribution
Par value change from 500 to 1,000 won reduces outstanding shares from approximately 32,575,748 to 16,287,874 (reverse stock split effect); share price doubles but total equity unchanged
Reduction of maximum number of directors from 11 to 7
Election of outside director candidate Lee Se-beom (certified public accountant) and appointment as audit committee member
Amendment to articles of incorporation to add grounds for disposal of treasury shares (e.g., introduction of new technology, improvement of financial structure)

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