Wemade CEO Park Kwan-ho, the company's largest shareholder, has signed a stock purchase agreement to sell his entire stake to Neopoulos Co., Ltd. Once the contract is completed, the largest shareholder will change to Neopoulos, and management control will also be transferred following the fulfillment of preconditions and an extraordinary general meeting of shareholders.

Contract Overview

According to a regulatory filing on the 30th, CEO Park Kwan-ho will transfer 13,350,738 shares (a 39.33% stake) to Neopoulos at 68,910 won per share, totaling 920 billion won. The detailed schedule is as follows.

• Contract date: June 30, 2026
• Deposit: 92 billion won (10%)
• Balance: 828 billion won (90%), to be paid on October 30, 2026
• Scheduled date of largest shareholder change: October 30, 2026, the balance payment date

Upon payment of the balance, the shares subject to transfer and their ancillary rights will be transferred to Neopoulos. At the subsequent extraordinary general meeting of shareholders, directors designated by Neopoulos will be appointed, and management control will pass to the company.

However, this contract will only take effect if all preconditions specified in the agreement, including approval of the business combination report, are fulfilled or waived.

Stake Change Outlook

Upon completion of the change, the stake structures of both companies will change as follows.

• Neopoulos: A total of 13,663,791 shares including the existing 313,053 shares (0.92%), representing a 40.25% stake
• CEO Park Kwan-ho: 0 shares (0%)

What Kind of Entity is Neopoulos

Neopoulos is a domestic corporation established on October 28, 2025. Its largest shareholder is Shengsong Investment Co., Limited (100% stake), and its CEO is Chen Wei. Its main business is the operation of private collective investment vehicles.

Wemade stated that the schedule for this contract may change subject to mutual agreement between the parties, and that a separate confirmation filing for the change of largest shareholder will be made once the stock transfer is completed.