Change of largest shareholder

What happened

Change of Largest Shareholder

1. Details of the change Largest shareholder before the change: DYD Co., Ltd.; shares held: 7,778,498; ownership ratio: 3.48% Largest shareholder after the change: Korea Asset Trust Co., Ltd.; shares held: 24,262,365; ownership ratio: 19.64%

2. Reason for the change: Change of largest shareholder due to a third-party-placement rights offering under the court-approved rehabilitation plan

3. Purpose of the equity acquisition: Debt-to-equity conversion of rehabilitation claims - Method of funding the acquisition: Satisfaction (repayment) of rehabilitation claims - Plans to appoint/dismiss officers after the acquisition: -

4. Date of change: 2026-07-04

5. Date the change was confirmed: 2026-07-06

6. Other matters important for investment decisions - "4. Date of change" above is the effective date of the Company's third-party-placement rights offering (debt-to-equity conversion). - The number of shares converted from debt may change due to the free retirement of odd-lot shares, etc. - As of the end of 2025, the post-change largest shareholder, Korea Asset Trust Co., Ltd., reported total assets of KRW 1,738,215 million, total liabilities of KRW 654,888 million, and total equity of KRW 1,083,326 million. - The Company is in the process of a share consolidation and debt-to-equity conversion, a further share re-consolidation, and a third-party-placement rights offering related to an M&A, all under its court-approved rehabilitation plan; the largest shareholder is expected to change again once the M&A-related third-party-placement rights offering takes effect, and the Company will re-disclose immediately upon that effective date.

Related disclosures: 2026-06-26 Rehabilitation plan approved 2026-06-26 Capital reduction decision 2026-06-26 Rights offering decision 2026-06-26 Capital reduction decision 2026-06-26 Rights offering decision

Detailed change breakdown: Name (entity): DYD Co., Ltd.; relationship: largest shareholder before the change; before, shares: 7,778,498, ratio: 3.48%; after, shares: 4,113,980, ratio: 3.33%; remarks: share count after share consolidation and debt-to-equity conversion Name (entity): Korea Asset Trust Co., Ltd.; relationship: largest shareholder after the change; before, shares: -, ratio: -; after, shares: 24,262,365, ratio: 19.64%; remarks: -