Freet Announces Extraordinary Shareholders Meeting

• Freet will hold an extraordinary shareholders meeting on November 9, 2026, at Daechi Lifelong Learning Center in Seoul.
• Shareholders will vote on a 66.67% capital reduction through a three-for-one share consolidation to offset accumulated losses.
• The proposal would cut capital from KRW 44.37 billion to KRW 14.79 billion.
• Issued common shares would decline from 17,746,333 to 5,914,853, with November 17, 2026, as the capital reduction record date.

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: 20261023000394), on October 23, 2026, and is solely responsible for the information contained therein.