Freet Revises Share Consolidation Ratio to 3 — for — 1 From 5 — for — 1

Freet corrected its capital reduction plan, changing the common-share consolidation ratio to 3-for-1 from 5-for-1. The 66.67% capital reduction will lower capital to KRW 14.79 billion from KRW 44.37 billion to cover accumulated losses. The shareholder meeting moves to November 9, 2026, from November 2; the capital reduction record date shifts to November 24 from November 17. Trading suspension is now scheduled for November 23—December 11, replacing November 16—December 4. The consolidated shares are scheduled to list on December 14, postponed from December 7. 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. Freet Inc. 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: 20261016000287), on October 16, 2026, and is solely responsible for the information contained therein. (C)