Rehabilitation Plan Approved, 69% Debt-to-Equity Swap and 8:1 Reverse Stock Split

The Suwon Rehabilitation Court approved the amended rehabilitation plan for KODACO on 2026-05-19.
69% of the principal of rehabilitation claims (e.g., financial institution loans) will be converted to equity at 500 won per share, and 31% will be repaid in cash on a schedule.
Delinquent interest is 100% converted to equity; post-commencement interest is partially exempted or applied at low rates (3.0%~5.9%).
All existing shares and new shares from debt-to-equity swaps will be consolidated at a ratio of 8:1 (par value 500 won maintained).
Fractional shares under 1 share will be canceled; tax claims will be repaid 100% in cash within 30 days of the approval date.

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