Cancellation of 2,167,958 Treasury Shares Worth 7.5 Billion KRW

Pavonine resolved to cancel 2,167,958 already acquired treasury shares (book value 7,501,793,131 KRW) to enhance shareholder value.
The cancellation is scheduled for May 26, 2026; total outstanding shares decrease but capital remains unchanged.
This filing is an amendment correcting the Fair Trade Commission reporting requirement from 'applicable' to 'not applicable'.

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