Seoul Auction

063170 · KOSDAQ · Industrials · SMALL CAP

Early redemption of exchangeable bonds

Seoul Auction acquired the full remaining US$8.18M face value of its Series 1 exchangeable bonds before maturity on July 6, 2026, following the bondholder's exercise of an early redemption (put) right, reducing the outstanding face value to zero and retiring the bonds, with the underlying shares held in custody at the Korea Securities Depository to be returned to the Company.

Capital raise(Early redemption of exchangeable bonds)· FILED 2026-07-06· RCEPT 20260706900603

What happened

Early Redemption of Exchangeable Bonds (Incl. Overseas EBs) Before Maturity Exchangeable Bonds (Incl. Overseas EBs), Series 1

1. Details of the bonds acquired before maturity Bond type: Unregistered, unsecured, privately placed exchangeable bonds Issue date: 2023-07-05 Issue method: Domestic issuance (private placement) Exchange price: 16,640 Maturity date: 2028-07-05

2. Bond acquisition amount (currency unit): 12,500,000,000 KRW (South Korean Won) - Total face value (electronically registered) of the bonds acquired (currency unit): 12,500,000,000 KRW (South Korean Won) - Reference exchange rate: - - Acquisition date: 2026-07-06

3. Remaining face value (electronically registered) of the bonds after acquisition (currency unit): 0 KRW (South Korean Won)

4. Reason for acquisition before maturity and future handling 1) Reason for acquisition: Acquisition before maturity following the bondholder's exercise of the early redemption (put) option 2) Future handling: The entire acquired amount will be retired (the registered bond cancelled)

5. Source of acquisition funds: Own funds on hand

6. Method of bond acquisition: Over-the-counter purchase

7. Other matters for reference in investment decisions 1. The above "bond acquisition amount" is the total face value of the bonds; no separate interest is paid. 2. The above "acquisition date" of the bond acquisition amount is the payment date of that amount. 3. In connection with this matter, the shares subject to exchange held in custody at the Korea Securities Depository will be returned to the Company.

Related disclosures: 2023-06-26 Material event report (decision to issue exchangeable bonds) 2023-06-26 Material event report (decision to dispose of treasury shares) 2023-07-05 Securities issuance results (voluntary disclosure) 2023-07-05 Treasury share disposal results report

Filed2026-07-06, Early redemption of exchangeable bonds
SourceDART rcept 20260706900603 → open original filing

Source: DART. Information only, not investment advice.

For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-07-06 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).