Blue Industrial Development Decides to Issue 8 Billion Won CB - Subscriber Change and Reverse Stock Split Reflected, Dilution 22.48% | Blue Industrial Development(006740)

Decision to issue 8 billion won convertible bonds (amended): Reflecting subscriber change and reverse stock split (12:1), conversion price 7,497 won, conversion shares 1,067,093 (22.48% dilution relative to outstanding shares)
Change in use of funds: 5 billion won for operating funds, 3 billion won for acquisition of other company's securities (target: Arc Association No.1, newly established, no financial data)
Subscriber change: From PMA Association (related to largest shareholder) to The Best Association (Moon Sun-sik 90% stake)
Put option included: Early redemption possible quarterly from 12 months after issuance, early redemption rate 2.0% per annum compounded
Call option included: Monthly exercise from 12 months after issuance, up to 50% of issue amount

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Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
Company: Blue Industrial Development (006740)
Submission: Blue Industrial Development Co., Ltd.
Receipt: 05-14-2026