Notice Regarding Cancellation of Treasury Stock

Overview of Capital Policy

At the board of directors meeting held on April 14, 2026, Raksul Inc. resolved to cancel treasury stock pursuant to Article 178 of the Companies Act. The shares to be cancelled consist of 1,403,466 common shares, equivalent to 2.30% of the total issued shares. The scheduled cancellation date is June 1, 2026, and the total issued shares after cancellation are expected to be 59,584,826 shares. The cancellation is conditional on the approval of a stock consolidation proposal at the extraordinary shareholders meeting scheduled for May 12, 2026.

Impact on Shareholders and Future Outlook

This treasury stock cancellation will cover all treasury stock held by the company (1,386,336 shares as of March 31, 2026, and 17,130 shares granted as restricted stock compensation). This reduction in the total issued shares is expected to enhance the value per share. Since the cancellation is contingent on the approval of the stock consolidation, the results of the upcoming shareholders meeting are crucial.