Share Exchange at KRW 120,000 per Share in Cash, Delisting Planned

Douzone Bizon decided on a share exchange to become a wholly owned subsidiary of Doronicum, with KRW 120,000 per share in cash and subsequent delisting.
Exchange price is KRW 120,000 per share, a 0.76% premium over the base price of KRW 119,099, equal to the previous tender offer price.
Treasury shares of 2,354,110 will be canceled before the exchange; the exchange is a simplified share exchange approved by the board without a shareholders' meeting.
Delisting is scheduled for July 15, 2026, with trading suspension from June 26 until the day before delisting.
Share appraisal rights are available at KRW 120,000 per share; the exercise period will be announced later.
Purpose is to improve management efficiency and enhance long-term corporate value through privatization.
A special committee and external advisors (Samil PwC, Law Firm Lin) have reviewed the fairness of the transaction.

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