Change of largest shareholder

What happened

Exion Group / Change of Largest Shareholder / (2026.07.14) Change of Largest Shareholder

Change of Largest Shareholder

1. Details of the change Largest shareholder before change: Innopian Co., Ltd. and 1 other; Shares held: 941,954; Ownership ratio: 10.13% Largest shareholder after change: New Pacific Investment Association and 1 other; Shares held: 5,005,170; Ownership ratio: 35.00%

2. Reason for the change: Change of largest shareholder through payment for a third-party-allotment rights offering - Whether due to acquisition of forfeited shares: No - Whether the transferred shares are subject to a lock-up: No

3. Purpose of the equity acquisition: Normalization of management and participation in management - Method of funding the acquisition: Own funds (KRW) 5,999,999,830; Borrowed funds (KRW): -; Lender: -; Borrowing period: - to -; Collateral details: - - Plans to appoint/dismiss officers after the acquisition: New director appointment completed

4. Date of change: 2026-07-14 5. Date change was confirmed: 2026-07-14

6. Other material matters relevant to investment decisions - This change of largest shareholder occurred because the new largest shareholder participated in a third-party-allotment rights offering and became the Company's largest shareholder. - The new largest shareholder, New Pacific Investment Association, completed payment for the third-party-allotment rights offering on July 14, 2026, acquiring 5,004,170 new shares, which will be subject to a one-year lock-up from the expected listing date (2026.07.31). - The pre-change ownership ratio in Item 1 above is based on total issued shares of 9,296,521; the post-change ownership ratio is based on total issued shares of 14,300,691, reflecting the completed payment for the third-party-allotment rights offering. - Item 4 ("Date of change") above is the date on which the new largest shareholder completed payment for the new shares. - The "Plans to appoint/dismiss officers after the acquisition" above refers to the appointment of new officers at the 26th extraordinary general meeting of shareholders held on June 26, 2026.

Related disclosures: 2026-06-25 Rights Offering Decision (Third-Party Allotment)

[Detailed Change in Holdings] Name (corporation/association/other entity name) / Relationship / Before change / After change / Note Shares / Ownership ratio(%) Innopian Co., Ltd.: Largest shareholder before change; 940,954 / 10.12 -> 940,954 / 6.58; - New Pacific Investment Association: Largest shareholder after change; - / - -> 5,004,170 / 34.99; - Jeong Jae-yeong: Related party of the largest shareholder before and after the change; 1,000 / 0.01 -> 1,000 / 0.01

[Matters Concerning the New Largest Shareholder (Investment Association)] 1. Basic information on the association - Legal basis for formation: Civil Act - Name: New Pacific Investment Association - Registration number: 727-80-03652 - Number of investors: 3 - Total association assets (KRW): 6,000,000,000 - Representative partner: Name Yoon Ju-sik; Investment share 33.33% - Managing partner: Name -; Investment share - - Largest contributing partner: Name -; Investment share - - Major contributors (10% or more) and their shares: Seo Eun-hye 33.33%; Park Hyo-jin 33.33% - Officer career history of the representative partner/managing partner/largest contributor/major contributors: Yoon Ju-sik - Company - / Listing status - / Delisting date - / Position - / Join date - / Leave date - / Note - - History as largest shareholder of a listed company: Yoon Ju-sik - no entries (all fields -)

2. Key financial matters (Unit: KRW millions) Fiscal year: 2026; Settlement month: December Total assets -; Capital stock -; Total liabilities -; Revenue -; Total equity -; Net income (loss) -; External auditor -; Audit opinion -

3. Relationship with the listed company - Relationship between the listed company and the largest shareholder (association): - - Relationship between the listed company's officers and the largest shareholder (association): CEO Lee Seung-cheol -; CEO Jeong Jae-yeong -; Director Yoon Ju-sik: Representative partner

4. Transactions between the listed company and the largest shareholder (association) in the most recent 3 years (excluding routine transactions) Category / Transaction details: Current year -; Prior year -; Year before that -