Vivian will implement a 1-for-1 (100%) stock dividend for existing shareholders. As a result, the total number of issued shares, including treasury stock, will expand to 4,801,800.

On the 15th, Vivian announced in a regulatory filing that it has decided on a stock dividend issuing 2,397,456 new common shares. One new share will be allocated for each share held by existing shareholders, excluding treasury stock.

According to the key schedule, the record date for the new share allocation is August 3, 2026, and the new shares are scheduled to be listed on the 25th of the same month. Through this stock dividend, the number of issued common shares, excluding treasury stock, will increase from the existing 2,397,456 to 4,794,912. Including 6,888 treasury shares, the total number of issued shares will nearly double from the existing 2,404,344 to 4,801,800.

The entire amount of 57.32 billion won in additional paid-in capital as of the end of 2025 will be used as the source of funds for the stock dividend. The company stated that, in accordance with the electronic securities system, separate share certificates for the new shares will not be issued, and fractional shares will be paid in cash based on the closing price on the first day of trading for the new shares.

Meanwhile, Vivian announced in a separate filing that it has moved up the date of its extraordinary general shareholders' meeting from the previously scheduled August 21, 2026, to July 30. At this meeting, the agenda items for amendments to the articles of incorporation and the transfer of the reserve to retained earnings were confirmed. Notably, the proposed amendments to the articles of incorporation include the addition of renewable energy-related business purposes, such as wind, solar, and hydrogen energy.