IWD Resolves to Convene Extraordinary Shareholders' Meeting... Proposing Resolutions on Stock Merger and Articles of Incorporation Amendment

IWD (084680) announced on July 16, 2026, its resolution to convene an extraordinary shareholders' meeting on August 27, 2026, at its Daegu headquarters. The meeting will address stock merger approval and corresponding amendments to the articles of incorporation. Key dates include a voting rights calculation date of July 31, 2026, and a board resolution date of July 16, 2026. The proposed resolutions involve amending the articles of incorporation to reflect changes in share value due to the merger, which will consolidate 5 common shares into 1 and increase the par value from 1,000 KRW to 5,000 KRW. Financial disclosures show the company had total assets of 405.3 billion KRW, liabilities of 190.4 billion KRW, and equity of 214.8 billion KRW as of December 2025, with an operating loss of 32 billion KRW and a net loss of 186 billion KRW. The stock closed at 656 KRW on July 16, down 1.5% from the previous day.