Derivative Valuation Loss of 17.46 Billion Won (6.77% of Equity) from Convertible Bonds, No Cash Outflow

Cumulative derivative valuation loss (embedded in convertible bonds) of 17.46 billion won (6.77% of equity of 258.07 billion won), correction of disclosure on loss occurrence
Reason for correction: Change in large corporation status from 'not applicable' to 'applicable'
Cause of loss: Accounting valuation loss under K-IFRS due to conversion rights exercise and stock price increase of convertible bonds issued in June 2024
The loss does not involve actual cash outflow (accounting valuation loss)
For Q1 2026 (Jan 1 to Mar 31): derivative valuation gain of 6.98 billion won, loss of 24.45 billion won, net loss of 17.46 billion won
Loss date: May 14, 2026 (date of quarterly report), equity based on consolidated financial statements as of Dec 31, 2025

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