Exercise of Conversion Rights for 3rd CB: Issuance of 441,566 New Shares Worth KRW 3 Billion (4.18% Dilution)

Conversion rights on the 3rd unregistered private CB were exercised, issuing 441,566 new shares worth KRW 3 billion (conversion price: KRW 6,794).
This represents a 4.18% increase over the total outstanding shares (10,556,344 shares, excluding new shares), with listing expected on 2026-05-13.
Remaining unconverted CB balance is KRW 7 billion (out of total KRW 10 billion face value), convertible into 1,030,320 shares.
The conversion price was adjusted from initial KRW 8,238 to KRW 6,794 on 2026-01-29 due to market decline.
This conversion exercise is not subject to Korea Fair Trade Commission reporting.

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