[Amended] Material event report (decision to sell own convertible bonds)

What happened

Material event report (decision to sell own convertible bonds), THE Codi Co., Ltd.

Amendment report July 15, 2026 1. Disclosure document being amended: decision to sell own convertible bonds 2. Original filing date of the disclosure document: March 12, 2026 3. Amended items

Item 9 (Proceeds receipt (expected) date), reason: change of payment schedule, before amendment: July 29, 2026; after amendment: September 18, 2026.

Item 13 (Other matters for investment reference) Before amendment: the payment method for the purchase price of the bonds subject to this transaction is divided into a down payment, first interim payment, second interim payment, and balance, as follows. 1) Down payment: on the contract execution date, the buyer shall pay the seller KRW 200,000,000 as a down payment, later applied toward the balance. 2) First interim payment: on July 15, 2026, the buyer shall pay the seller KRW 1,000,000,000. 3) Second interim payment: on July 22, 2026, the buyer shall pay the seller KRW 1,000,000,000. 4) Balance: on July 29, 2026, the buyer shall pay the seller KRW 1,698,000,000. After amendment: the payment method remains divided into a down payment, first interim payment, second interim payment, and balance, as follows. 1) Down payment: on the contract execution date, the buyer shall pay the seller KRW 200,000,000 as a down payment, later applied toward the balance. 2) First interim payment: on September 4, 2026, the buyer shall pay the seller KRW 1,400,000,000. 3) Second interim payment: on September 11, 2026, the buyer shall pay the seller KRW 1,400,000,000. 4) Balance: on September 18, 2026, the buyer shall pay the seller KRW 898,000,000.

[If the buyer includes a corporation or organization], before amendment: Note 1-1, Note 1-2, Note 1-1. After amendment, (1) Basic information on the corporation (Note 1-1): name Blue New Growth Equity; number of investors 2; CEO (representative partner) Lee Min-kyung, 90%; managing member Lee Min-kyung, 90%; largest shareholder (largest investor) Lee Min-kyung, 90%. (1) Basic information on the corporation (Note 1-2): name Blue New Growth Equity; number of investors 1; CEO (representative partner) Park Seung-hyun, 100%; managing member Park Seung-hyun, 100%; largest shareholder (largest investor) Park Seung-hyun, 100%.

Material event report / Matters requiring exchange notification To: Financial Services Commission / Korea Exchange March 12, 2026 Company name: THE Codi Co., Ltd. Representative Director: Choi Hyun-jun Head office address: 62, Baekseok Industrial Complex 2-gil, Seobuk-gu, Cheonan-si, Chungcheongnam-do (Baekseok-dong) (Phone) 041-620-9000 (Website) http://ww.thecodi.kr Person responsible for preparation: (Title) Director (Name) Kim Hee-taek (Phone) 041-620-9021

Decision to sell own convertible bonds

1. Type of bond: issue number 9; type: unregistered, interest-bearing, unsecured convertible bonds 2. Bond issue date: May 31, 2024 3. Bond issue method: private placement 4. Bond maturity date: May 31, 2027 5. Total face value (electronically registered) of the bond (KRW): 3,500,000,000 6. Details of acquisition before maturity of the bond to be sold: face value (electronically registered) of the bond to be sold (KRW) 3,500,000,000; acquisition amount (KRW) 3,500,000,000; background of acquisition: acquisition before maturity by contract with the bondholder 7. Sale decision date: March 12, 2026 8. Sale amount: amount (KRW) 3,898,000,000; basis for calculation: determined through consultation with the buyer 9. Proceeds receipt (expected) date: September 18, 2026 10. Purpose of sale: securing working capital 11. Matters concerning conversion: conversion ratio (%) 100; conversion price as of the reporting date (KRW/share) 4,323; type of shares to be issued upon conversion: THE Codi Co., Ltd. common shares; number of shares 809,622; ratio to total shares (%) 13.56; conversion request period: start date May 31, 2025; end date April 30, 2027 12. Whether subject to Fair Trade Commission reporting: not applicable 13. Other matters for investment reference - This disclosure concerns the resale of KRW 3,500,000,000 (face value) out of KRW 3,500,000,000 (face value) of the 9th-issue unregistered, interest-bearing, unsecured, privately placed convertible bonds that the Company acquired before maturity on September 2, 2024. - The payment method for the purchase price is divided into a down payment, first interim payment, second interim payment, and balance, as follows. 1) Down payment: on the contract execution date, the buyer shall pay the seller KRW 200,000,000, later applied toward the balance. 2) First interim payment: on September 4, 2026, the buyer shall pay the seller KRW 1,400,000,000. 3) Second interim payment: by September 11, 2026, the buyer shall pay the seller KRW 1,400,000,000. 4) Balance: by September 18, 2026, the buyer shall pay the seller KRW 898,000,000. - In "11. Matters concerning conversion" above, the "conversion ratio (%)" was calculated as the ratio of the amount for which conversion has been requested out of the face value of the bonds purchased. - In "11. Matters concerning conversion" above, the "ratio to total shares (%)" was calculated based on the total number of shares with voting rights issued as of the sale decision date, including the shares to be issued upon conversion.

1. Matters concerning the early redemption (put option) right: the bondholder of "this bond" may request early redemption before maturity, from the issuing company, of the full amount (rounding down amounts below KRW 1) of the principal of "this bond" multiplied by the early redemption rate, on August 31, 2024 (the date three months after the issue date) and on each subsequent date falling every three months thereafter (the "early redemption payment date"). If the early redemption payment date is not a banking business day, redemption will be made on the next business day, with no interest accruing after the early redemption payment date. 1st, request period 2024-06-01 to 2024-07-01; early redemption date 2024-08-31; rate 100.5000%. 2nd, request period 2024-09-01 to 2024-10-01; early redemption date 2024-11-30; rate 101.0088%. 3rd, request period 2024-12-01 to 2025-01-01; early redemption date 2025-02-28; rate 101.5264%. 4th, request period 2025-03-01 to 2025-04-01; early redemption date 2025-05-31; rate 102.0531%. 5th, request period 2025-06-01 to 2025-07-01; early redemption date 2025-08-31; rate 102.5890%. 6th, request period 2025-09-01 to 2025-10-01; early redemption date 2025-11-30; rate 103.1344%. 7th, request period 2025-12-01 to 2026-01-01; early redemption date 2026-02-28; rate 103.6892%. 8th, request period 2026-03-01 to 2026-04-01; early redemption date 2026-05-31; rate 104.2538%. 9th, request period 2026-06-01 to 2026-07-01; early redemption date 2026-08-31; rate 104.8282%. 10th, request period 2026-09-01 to 2026-10-01; early redemption date 2026-11-30; rate 105.4127%. 11th, request period 2026-12-01 to 2027-01-01; early redemption date 2027-02-28; rate 106.0074%.

1) Place for making the early redemption request: head office of the issuing company 2) Place of early redemption payment: head office of the issuing company 3) Early redemption request period: the bondholder must make the early redemption request to the issuing company by the date specified in the table above. If the end date of the request period is not a business day, the request may be made until the next business day. 4) Early redemption request procedure: a bondholder wishing to exercise the early redemption right must submit an early redemption request form (stating the early redemption amount requested, bondholder details, and the settlement bank for repayment, etc.) together with documents proving bondholder status to the issuing company during the early redemption request period, in the prescribed format. The issuing company must, within 7 days of the bondholder's request, reply confirming it will act accordingly, and will redeem by transferring the redemption amount to the bank account designated by the bondholder on the early redemption date.

[Matters concerning the buyer] Buyer name: Blue New Growth Equity. Relationship with the Company or largest shareholder: -. Reason for selection: selected considering the investor's intent, payment capacity, timing, etc., to promptly raise funds needed for the Company's management. Transactions/plans within 6 months before or after the sale decision: -. Face value of the bonds purchased (KRW): 3,500,000,000.

[If the buyer includes a corporation or organization] (1) Basic information on the corporation: name Blue New Growth Equity; number of investors 1; CEO (representative partner) Park Seung-hyun, 100%; managing member Park Seung-hyun, 100%; largest shareholder (largest investor) Park Seung-hyun, 100%. (2) Key financial information for the most recent fiscal year (Unit: KRW million): fiscal year -; settlement month -; total assets -; revenue -; total liabilities -; net income (loss) -; total equity -; external auditor -; capital stock -; audit opinion -. (3) Status of major investors (10% or more) in the investment partnership: basis law for establishment -; total property as of most recent settlement -; major investors (10% or more) -; note -. (4) Officer history at other companies of the representative partner, etc.: name -; company information (company name, listing status, delisting date) -; officer history (position, appointment date, resignation date) -; note -. (5) History as largest shareholder at other companies of the representative partner, etc.: name -; company information (company name, listing status, delisting date) -; largest-shareholder history (start date, end date) -; note -.