Increased Financial Risk Due to Extension and New Stock-Backed Loans by Largest Shareholder

Largest shareholder Lee Je-hoon extended and newly signed stock-backed loans with six financial institutions (Industrial Bank, Daishin Securities, Hanwha Investment & Securities, iM Securities, Leadcorp, KB Securities) totaling approximately KRW 7.8 billion, collateralized by about 3.4 million shares
iM Securities loan of KRW 630 million was fully repaid on January 13, 2026
Partial repayment of KRW 900 million on KB Securities loan released 410,022 shares of collateral on May 12, 2026
New loan of KRW 900 million from Leadcorp (collateral: 522,000 shares) signed on May 12, 2026
Related party Oh Jong-cheol repaid KRW 1.65 billion out of original KRW 3 billion loan, leaving KRW 1.35 billion outstanding (264,732 shares) as of April 10, 2025
High leverage from largest shareholder and related party's outstanding margin loans poses risk of forced liquidation if stock price declines

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