Approval of 10:1 Reverse Stock Split and Director Changes at EGM
- Approval of stock consolidation (reverse split): Par value changed from 100 won to 1,000 won per share (10:1 ratio). Existing 10 shares become 1 share, reducing outstanding shares from approx. 38.41 million to 3.84 million.
- Director removal and election: Inside director Hong Jong-deuk removed, Choi Jong-jin newly elected (term: 3 years). Choi Jong-jin is CEO of INSAN and INSAN Farm.
- EGM attendance: Only 34.6% of total voting shares attended, all resolutions passed with 100% approval.
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KOSDAQ Filing Information
- Filing: Result of Extraordinary General Meeting of Shareholders
- Company: INSAN (277410)
- Submission: INSAN Inc.
- Receipt: 05-20-2026
- Under KRX KOSDAQ Market Division