Issuance of 40 billion won in 25th unsecured bonds, proceeds for refinancing

Dongwha Enterprise issues 40 billion won in 25th unregistered, unsecured public bonds, maturing on December 1, 2027, yield to be determined via demand forecast (5.50%~6.50%)
All proceeds (40 billion won) will be used to repay the existing 21st public bonds (maturing June 4, 2026, 40 billion won), providing refinancing
Credit rating: BBB+ (stable) from both Korea Investors Service and NICE Investors Service
Consolidated Q1 2026: operating loss of 4.9 billion won, net loss of 4.7 billion won, total borrowings of 1,047.8 billion won, debt-to-equity ratio of 162.6%, indicating continued financial deterioration

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