Notice on Protection and Measures for Holders (Shareholders) of Securities Subject to Electronic Securities Conversion
With the enforcement of the 「Act on Electronic Registration of Stocks, Bonds, etc. (hereinafter referred to as the “Electronic Securities Act”)」 on September 16, 2019, we hereby notify the holders of the company's securities subject to electronic securities conversion of the following matters in accordance with Article 27, Paragraph 1 of the Electronic Securities Act to protect their rights.
– Details –
1. After the enforcement of the Electronic Securities Act (September 16, 2019), the physical securities (subject to conversion) owned by shareholders (holders) will lose their validity starting from the company's scheduled electronic registration implementation date (April 14, 2023).
2. Therefore, shareholders (holders) must notify their securities company account (electronic registration account where stocks are registered) and submit the physical securities (subject to conversion) they own by five business days before the company’s scheduled electronic registration implementation date (April 7, 2023). The procedure is as follows.
※ Shareholder Actions
- Shareholders who already hold their shares in a securities account do not need to take any additional action.
- Shareholders who have not yet received their physical certificates are requested to deposit their securities with the company or KB Kookmin Bank’s Securities Agency Department by five business days before the scheduled electronic registration implementation date (April 7, 2023).
- Shareholders holding physical securities must submit their physical certificates to the company and request deposit into their account by three business days before the scheduled electronic registration implementation date (April 7, 2023).
3. The company (issuer) plans to request the electronic registration agency (Korea Securities Depository) to perform the electronic registration based on the shareholder registry as of the business day immediately preceding the electronic registration implementation date (April 14, 2023).
March 13, 2023
UDMTEK Co., Ltd.
CEO Wang Ji Nam