25bn won CB issuance, conversion price 3,453 won (43% discount), potential dilution up to 41.69%

Issuance of 25bn won 8th unregistered private CB, conversion price 3,453 won (42.6% discount to previous close of 6,020 won), issuing 7,240,081 new shares (14.67% of outstanding).
Use of funds: operating 9bn won, debt repayment 7.2bn won, acquisition of other company securities 8.8bn won (target undetermined).
Including existing CBs, total 71.7bn won, potential dilution up to 20,567,247 shares (41.69% of outstanding).
Put option: after 1 year, quarterly, YTP 8% compound. Call option: after paying acquisition cost of 500mn won to In the Money, YTC 8% compound.
Collateral: senior beneficiary rights (130% of face) on real estate in Magok, Wonju, Gongju; transfer of security on unregistered buildings; pledge on fire insurance proceeds.
Buyer: In the Money Co., Ltd. (capital 10mn won, assets 2.16bn won, equity 291mn won), may become largest shareholder (12.80% post-conversion).
Late payment interest rate corrected from 9% to 11%.

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Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
Company: Solux (290690)
Submission: Solux Co., Ltd.
Receipt: 05-21-2026