Exercise of Conversion Rights for 500M KRW of 3rd Series CB, 206,440 Shares to Be Listed

Exercise of conversion rights: On 2026-05-18, 500 million KRW of 3rd series unsecured private CB (conversion price 2,422 KRW) converted into 206,440 common shares. Expected listing date 2026-06-18.
Remaining unconverted CB balance: 3.05 billion KRW (initial issuance 5.1 billion). Convertible shares remaining: 1,259,289.
Converted shares ratio to total outstanding shares (after stock split on 2026-05-07): 1.09% (total shares 19,023,623).
Related disclosures: Multiple CB issuances since Nov 2022, conversion price adjustments, self-CB sales; history of litigation for injunction against CB issuance.

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