Conversion Price Adjusted from 708 to 2,259 Won (3:1 Reverse Split Reflected)

Conversion price adjustment: For 11th CB, conversion price raised from 708 won to 2,259 won (3:1 reverse split reflected, effective 2026-04-30).
Reason: Market price increase and 3:1 capital reduction per adjustment terms.
Post-adjustment convertible shares: Decreased from 7,062,146 to 2,213,368 shares (total face value 5 billion won).
Capital reduction: Decided on 2026-03-13, approved at shareholders' meeting on 2026-03-31, effective 2026-05-01.
Implication: Higher conversion price dilutes conversion value, negative for shareholder value.

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