Notice on Share Consolidation and Partial Amendment to Articles of Incorporation

Key business point

This extraordinary general meeting agenda item discloses a share consolidation of 10 ordinary shares into 1 share and a partial amendment to the Articles of Incorporation. After consolidation, the total number of issued shares will be about 50,915,600, and a reclassification of unit shares (100 shares) will be conducted. The consolidation aims to optimize the trading unit and improve liquidity, thereby broadening the investor base. As part of the consolidation, a fractional share handling system for buyback requests and a newly established sell-out (increase purchase) request system will be introduced. An opportunity to request share buybacks will be secured for dissenting shareholders.

Impact on market and shareholders and future

As a result of this consolidation, shareholders' rights will be adjusted as of the consolidation date, with procedures for fractional handling and buy-in requests established. There will be no change in the proportion of circulating shares, and the listing market is planned to remain on the Growth Market. While monitoring changes in the shareholder composition, measures to protect minority shareholders will be implemented, and a buyback request period for dissenting shareholders will be provided. The amount of fractional allotment will depend on the market price.