CCS Proposes 32.23% Capital Reduction via Share Consolidation and Director Pay Cap of 1 Won

32.23% free capital reduction: consolidation of 21,000,000 common shares (32.23%) at a ratio of 1.476:1, record date June 22, 2026, to offset deficits.
Post-reduction shares decrease from 65,152,039 to 44,152,039; capital stock decreases from KRW 32,576,019,500 to KRW 22,076,019,500.
Extraordinary general meeting postponed from May 22, 2026 to June 5, 2026.
Director compensation capped at KRW 1 (per court decision); new directors serve 6-month terms.
Articles amended: board size 3–5, independent director ratio ≥1/3, reflecting revised Commercial Act.
Auditor election: attorney Hyun Ki-yong recommended; candidate Kim Shin-myung withdrew after court-ordered inclusion.
Previous March 31, 2026 AGM resolutions invalidated by injunction; proposals re-submitted.

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