Change in Largest Shareholder and Management Control Transfer (Third-Party Allotment)

Change in largest shareholder: from Park Jeong-woong et al. (7 persons, 18.05%) to GC Partners Co., Ltd. (45.50%). Effective date: 2026-05-13.
Reason: Acquisition of new shares via third-party allotment. Purpose: Management participation, plans to appoint new directors.
New shares: 6,035,003 shares issued, total shares outstanding 13,263,473. New shares subject to 1-year lock-up.
Acquisition cost: approx. KRW 10 billion (KRW 9,999,999,971) from own funds. No borrowings.
GC Partners is a management consulting firm; major shareholder Noh Jin-seong (70%), CEO Bang Jong-wook (30%). 2025 financials: assets KRW 12,041 million, equity KRW 2,472 million, sales KRW 1,293 million, net profit KRW 220 million.

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