Jeil M&S slashes capital 95.24% via 21-for-1 share consolidation

• Jeil M&S set a capital reduction via share consolidation, cutting common shares outstanding to 7,793,731 from 165,888,193.
• Paid-in capital to fall to KRW 3.9 billion from KRW 82.94 billion; par value stays KRW 500 per share.
• Consolidation ratio set at 21-to-1 for existing shareholders’ shares and conversion shares; overall reduction rate 95.24%.
• CEO Lee Young-jin’s holdings use a 24.2851-to-1 ratio; retail shareholders’ holdings use an 18.356-to-1 ratio.
• Conversion shares for certain overseas subsidiaries and consenting creditors to be cancelled in full; fractional shares to be cancelled without consideration.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jeil M&S Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261013000001), on October 13, 2026, and is solely responsible for the information contained therein.