Hantop Resumes Trading After Completing Stock Consolidation... "Corporate Value Reassessment Expected"

Hantop has completed its stock consolidation (reverse stock split) process, and trading of its shares will resume starting from July 10.

According to Hantop on July 9, the company decided on a 5-to-1 reverse stock split to maintain an appropriate number of shares in circulation, stabilize its share price, and enhance corporate value. As a result of this consolidation, the par value per share has increased from 500 won to 2,500 won, and the total number of issued shares has been reduced from 32,316,799 to 6,463,359.

The company aims to control the volume of shares in the market to alleviate short-term supply and demand volatility, thereby enabling the market to properly assess the company's intrinsic value.

Through continuous improvements in its business structure and cost-saving efforts, Hantop recorded operating profits for four consecutive years from 2022 to 2025, and turned a net profit in 2025.

Regarding the Fair Trade Commission's fine, the company has not yet received the final decision or the official notification of the fine. Once received, Hantop plans to address the matter by applying for installment payments and proceeding with administrative litigation, aiming to resolve any liquidity issues. In addition to its cash assets, the company is reviewing ways to utilize tangible assets such as investment real estate and its headquarters site, and is also implementing company-wide measures to reduce expenses and costs. Furthermore, Hantop is considering various strategies, including capital expansion (paid-in capital increase). The sale of treasury shares will be timed to minimize market impact, taking into account factors such as the status of installment payments.

A Hantop representative stated, "With this stock consolidation, we will establish a stable trading foundation and focus our efforts on strengthening our business competitiveness," adding, "We will respond diligently to both internal and external management challenges, strive to earn the trust of the market, and do our utmost to enhance shareholder value."

This content was produced with the assistance of AI translation services.