5:1 Reverse Stock Split Decision, 80% Reduction in Shares (31,445,725→6,289,145)

Decision to reverse split common shares at 5:1 ratio (5 shares consolidated into 1), reducing total shares from 31,445,725 to 6,289,145 (80% reduction)
Reason for capital reduction: improving financial structure by covering accumulated deficits
Capital stock reduced from 15,722,862,500 won to 3,144,572,500 won (80% reduction, par value 500 won per share unchanged)
Record date: July 14, 2026; new shares listing date: August 4, 2026
Creditor objection procedure omitted (pursuant to Article 439(2) of the Commercial Act)

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