Douzone Bizon Decides Cash-for-Stock Exchange at KRW 120,000 per Share with Doronicum (Delisting Purpose)

Douzone Bizon enters into a comprehensive stock exchange agreement with Doronicum as the complete parent. Exchange price is KRW 120,000 per share (0.76% premium over base market price of KRW 119,099).
After the exchange, Douzone Bizon will continue as a 100% subsidiary of Doronicum and is expected to be delisted. No new shares issued; full cash payment.
Treasury shares of 2,354,110 are expected to be cancelled before the exchange date (shareholder return).
Appraisal rights exercisable: expected purchase price of KRW 119,055 (arithmetic average of volume-weighted average prices for recent 2 months/1 month/1 week). Exercise period: May 11, 2026 ~ May 27, 2026.
A special committee (three outside directors) was formed, and fairness of conditions and procedures was confirmed through advice from Samil PwC and Yulchon Law Firm.
Proceed as a simplified stock exchange with only board approval, without a general shareholders' meeting.
Guidance on withholding capital gains tax for foreign corporate/non-resident shareholders (11% of transfer value to be withheld).

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Filing: [Correction of Description] Report on Major Matters (Decision on Stock Exchange and Transfer)
Company: DOUZONE BIZON (012510)
Submission: DOUZONE BIZON CO.,LTD
Receipt: 05-11-2026