Correction of Stock Option Grant Due to Stock Consolidation

N2Tech filed a correction to stock option grant on May 7, 2026
Number of granted shares adjusted from 1,395,000 to 279,000 (reflecting stock consolidation)
Exercise price increased from 1,805 won to 5,065 won
Recipients: 3 unregistered executives (Seo Pandong, Lee Seungjun, Lee Seonhyung)
Fair value per share: 3,035.75 won (binomial model, expected exercise period 5 years, risk-free rate 2.06%, expected volatility 43.27%)
Grant basis changed from Article 15 to Article 11 of the articles of incorporation

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