Cube Entertainment Decides on 5-to-1 Stock Consolidation

[Asia Economy Reporter Hwang Junho] Cube Entertainment announced on the 20th that it has decided to consolidate 5 common shares into 1 share. With this stock consolidation, the par value per common share of Cube Entertainment will be merged from 100 won to 500 won, and the total number of issued shares will change from 34,518,838 shares to 6,903,767 shares.

The shareholders' meeting is scheduled for June 1, and the effective date of the new shares is June 16. The listing date of the new shares is July 2. Accordingly, trading of Cube Entertainment shares will be suspended from June 14 to July 1.