Rights offering: final issue price set

What happened

Rights Offering: Final Issue Price Determined

1. Planned issuance details a. Type of shares: Registered common shares b. Number of shares: 2,800,000

2. Final issue price (per share) a. Final price (KRW): 1,581 b. First-stage issue price (KRW): 2,030 c. Second-stage issue price (KRW): 1,581

3. Par value (KRW): 500

4. Determination date: 2026-07-06

5. Other matters for investors' reference The issue price per share in this disclosure is the final issue price, calculated using the formula below.

Under Article 5-18 of the "Regulation on Issuance and Disclosure of Securities," the price-determination procedure for shareholder-allotted capital increases has been abolished and price determination liberalized, so the issue price could in principle be set freely; however, to avoid market disruption and in line with existing practice, the price was calculated by applying, by analogy, former Article 57 of the "Regulation on Issuance and Disclosure of Securities" and Article 5-18 of the current "Regulation on Issuance and Disclosure of Securities," as follows:

(1) The first-stage issue price is calculated using the KOSDAQ market trading value and trading volume of the issuer's shares, with the record date for new share allotment as the base date: the weighted arithmetic average price (total trading value divided by total trading volume) from the 3rd trading day to the 5th trading day counting back from the base date is used as the base price, to which a 30% discount rate is applied. If the calculated price is at or below par value, par value is used as the issue price, and any amount below the minimum quotation unit is rounded up to the nearest quotation unit. First-stage issue price = base price x (1 - discount rate)

(2) The second-stage issue price is calculated using the KOSDAQ market trading value and trading volume of the issuer's shares, with the 3rd trading day before the existing shareholders' subscription date as the base date: the lower of (i) the arithmetic average of the 1-week weighted arithmetic average price counting back from the base date and the weighted arithmetic average price on the base date, and (ii) the weighted arithmetic average price on the base date, is used as the second-stage base price, and the price is determined by the formula below with a 30% discount rate applied. If the calculated price is at or below par value, par value is used as the issue price, and any amount below the minimum quotation unit is rounded up to the nearest quotation unit. Second-stage issue price = base price x (1 - discount rate)

(3) The final issue price is the lower of the first-stage issue price and the second-stage issue price. However, pursuant to Article 165-6 of the "Financial Investment Services and Capital Markets Act" and Article 5-15-2 of the "Regulation on Issuance and Disclosure of Securities," if the lower of the first-stage and second-stage issue prices is lower than the price obtained by applying a 40% discount rate to the weighted arithmetic average price from the 3rd trading day to the 5th trading day before the subscription date, then that 40%-discounted price becomes the final issue price. If the calculated price is at or below par value, par value is used as the issue price, and any amount below the minimum quotation unit is rounded up to the nearest quotation unit. Final issue price = MAX[MIN(first-stage issue price, second-stage issue price)] (formula as stated in the filing)

The general public offering issue price applies the same final issue price as applied to the existing shareholders' subscription.

Related disclosures: 2026-03-03 Rights offering decision 2026-04-02 Rights offering decision 2026-04-21 Rights offering decision (shareholder allotment with public offering of forfeited shares) 2026-04-21 Securities registration statement (equity securities) 2026-05-07 Rights offering decision (shareholder allotment with public offering of forfeited shares) 2026-05-07 Securities registration statement (equity securities) 2026-05-15 Securities registration statement (equity securities) 2026-06-02 First-stage issue price determination 2026-06-02 Rights offering decision (shareholder allotment with public offering of forfeited shares) 2026-06-02 Securities registration statement (equity securities) 2026-06-02 Prospectus