Early redemption of convertible bonds (incl. overseas CBs)

What happened

Soosung Webtoon / Early Redemption of Convertible Bonds (incl. Overseas CBs) / (2026.07.13), Early Redemption of Convertible Bonds (incl. Overseas CBs) Before Maturity (Series 25)

Early Redemption of Convertible Bonds (incl. Overseas Convertible Bonds) Before Maturity Convertible bonds (incl. overseas convertible bonds), Series 25

1. Matters concerning the bonds redeemed before maturity Type of bonds: Unregistered, coupon-bearing, unsecured, privately placed convertible bonds Issuance date: 2023-07-28 Method of issuance: Domestic issuance (private placement) Conversion price per share (KRW): 8,950 Maturity date: 2026-07-28

2. Bond redemption amount (currency unit): 500,000,000 KRW: South Korean Won - Total face value (electronically registered) of the bonds redeemed (currency unit): 500,000,000 KRW: South Korean Won - Reference exchange rate: None (-) - Redemption date: 2026-07-13

3. Total face value (electronically registered) of the bonds after redemption (currency unit): 1,000,000,000 KRW: South Korean Won

4. Reason for redemption before maturity and future handling method 1. Reason for redemption: Early repayment pursuant to a put-option (early redemption) request 2. Future handling method: Retirement

5. Source of redemption funds: Borrowings - Lender: Daelim Co., Ltd. - Interest rate and payment method: 4.6% per annum (lump-sum repayment at maturity) - Borrowing period: From the date of borrowing for 5 years, until July 13, 2031

6. Method of bond redemption: On-exchange purchase

7. Other matters relevant to investment decisions 1) The above bond redemption amount is the repayment amount of the total face value of the bonds. 2) The above redemption date is the date the redemption amount was paid.

* Related disclosures 2023-07-28 Decision to Issue Convertible Bonds (Series 25) 2023-07-28 Securities Issuance Results (Voluntary Disclosure) (Series 25 CB)