Material event report (decision to redeem own convertible bonds early)

What happened

Material Event Report / Exchange Reporting Duty Matter

To: Financial Services Commission / Korea Exchange July 7, 2026

Company name: Bitmax Inc. CEO: Hong Sang-hyeok Head office address: 2F, 4 Nambusunhwan-ro 351-gil, Gangnam-gu, Seoul Phone: 02-585-9566 Website: https://bitmax.im Preparer: (Title) Senior Manager, Disclosure (Name) Kang Yang-myeong (Phone) 02-585-9566

Decision to Redeem Own Convertible Bonds Before Maturity

1. Type of bonds: Series 2, unregistered, interest-bearing, unsecured, privately placed convertible bonds 2. Bond issue date: February 13, 2025 3. Bond issuance method: private placement 4. Bond maturity date: February 13, 2028 5. Total face value (electronically registered) of the bonds (KRW): 25,000,000,000 6. Face value (electronically registered) amount of bonds to be acquired (KRW): 5,000,000,000 7. Acquisition decision date: July 7, 2026 8. Acquisition amount: KRW 5,000,000,000. Basis for calculation: principal repayment (scheduled) date July 7, 2026. Source of acquisition funds: own funds 9. Acquisition method: over-the-counter acquisition 10. Reason for acquisition before maturity: agreement with the bondholder 11. Future handling plan: redemption followed by retirement 12. Matters concerning conversion: conversion ratio 100%; conversion price as of report date KRW 5,098/share; type of shares to be issued upon conversion - Bitmax Inc. common shares; number of shares 980,776; ratio to total shares 6.42%; conversion request period start date February 13, 2026, end date January 13, 2028 13. Face value (electronically registered) balance of bonds after acquisition (KRW): 6,000,000,000 14. Whether subject to Fair Trade Commission reporting: not applicable 15. Other matters for investors' reference - The acquisition decision date above is the board resolution date. - The ratio to total shares to be issued upon conversion above is calculated based on the current total number of issued shares (14,291,702 shares).

[Matters Concerning the Seller] Seller name: Spatial Investment Co., Ltd. Relationship with the company or largest shareholder: - Selection process: bondholder Transaction history and plans within 6 months before/after the acquisition decision: - Face value amount of bonds sold (KRW): 5,000,000,000 Remarks: -

[Where the Seller Includes a Corporation or Organization] (1) Basic information Name: Spatial Investment Number of investors: 1 Representative director: Kim Byeong-jin, 100% Largest shareholder: Kim Byeong-jin, 100%

(2) Key financial information for the most recent fiscal year (Unit: KRW million) Fiscal year 2025, closing month December Total assets: 18,331 Revenue: - Total liabilities: 14,918 Net income (loss): -3,183 Total equity: 3,413 External auditor: - Capital stock: 100 Audit opinion: -