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

A later amendment corrects this filing, so the terms on this page may be out of date. See the latest version (2026-09-30) →

What happened

Material Event Report (Decision to Sell Own Convertible Bonds) 6.0 THE E&M Co., Ltd. Amendment report (notification), 2026-07-16 1. Disclosure document being amended: Decision to sell own convertible bonds 2. Original filing date of the disclosure document being amended: 2026-05-18 3. Amended items Item: Reason for amendment; Before amendment; After amendment 9. Date of (expected) receipt of sale proceeds: Amendment due to a change in the date of receipt of sale proceeds; Before: 2026-07-31; After: 2026-08-31 13. Other matters for reference in investment decisions, (2): Before amendment - "9. Date of (expected) receipt of sale proceeds" above is based on the final installment payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026.05.18); - Interim payment: KRW 1,580,250,000 (2026.07.16); - Final payment: KRW 4,424,700,000 (2026.07.31). After amendment - "9. Date of (expected) receipt of sale proceeds" above is based on the final installment payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026.05.18); - Interim payment: KRW 1,580,250,000 (2026.08.18); - Final payment: KRW 4,424,700,000 (2026.08.31)

Material Event Report / Matter Subject to KRX Reporting Obligation To the Financial Services Commission / Korea Exchange, 2026-05-18 Company name: THE E&M Co., Ltd. CEO: Shin Hwan-ryul Head office address: 41 Gangnam-daero 101an-gil, Seocho-gu, Seoul (Phone) 02-2088-8222 (Website) http://www.theenm.com Preparer: (Title) Director (Name) Bae Mun-seop (Phone) 02-2088-8222

Decision to sell own convertible bonds

1. Type of bonds: Issue No. 20; Type: Unregistered, interest-bearing, unsecured, privately placed convertible bonds 2. Bond issue date: 2025-05-20 3. Bond issuance method: Private placement 4. Bond maturity date: 2028-05-20 5. Total face value (electronically registered) of the bonds (KRW): 8,000,000,000

6. Details of the pre-maturity acquisition of the bonds to be sold Face value (electronically registered) of the bonds to be sold (KRW): 3,000,000,000 Acquisition amount (KRW): 3,205,435,449 Circumstances of acquisition: Exercise of a call option by agreement with the bondholder

7. Sale decision date: 2026-05-18

8. Sale amount: Amount (KRW) 6,321,000,000; Basis for determination: Determined through negotiation with the buyer, taking into account the Company's need to raise funds reflecting its overall circumstances and the exercise of conversion rights on the convertible bonds, etc.

9. Date of (expected) receipt of sale proceeds: 2026-08-31

10. Purpose of the sale: Fund-raising through the sale of the Company's own convertible bonds

11. Matters relating to conversion Conversion ratio (%): 100 Conversion price as of the report date (KRW/share): 1,000 Type of shares to be issued upon conversion: THE E&M Co., Ltd. registered common shares; Number of shares: 3,000,000 Ratio to total shares outstanding (%): 7.42 Conversion request period: Start date 2026-05-20; End date 2028-04-20

12. Whether subject to report to the Fair Trade Commission: Not applicable

13. Other matters for reference in investment decisions (1) This disclosure concerns the resale of KRW 3,000,000,000 (face value) out of the KRW 4,000,000,000 of 20th-issue unregistered, interest-bearing, unsecured, privately placed convertible bonds that the Company acquired before maturity on 2026-05-18. (2) "9. Date of (expected) receipt of sale proceeds" above is based on the final installment payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026.05.18); - Interim payment: KRW 1,580,250,000 (2026.08.18); - Final payment: KRW 4,424,700,000 (2026.08.31) (3) The "ratio to total shares outstanding" in "11. Matters relating to conversion" above was calculated based on the total voting shares outstanding as of the sale decision date, including the shares to be issued upon this conversion.

[Matters relating to the buyers] Buyer name: Relationship with the company or largest shareholder; Selection background; Transaction details and plans within 6 months before/after the sale decision; Face value of bonds purchased (KRW); Note Shin Hwan-ryul: Largest shareholder (himself); Selected in consideration of the investor's intent, payment capacity and timing, etc., for the prompt raising of funds needed to achieve the Company's management objectives; -; 808,000,000; - Navis Fidelis No. 5 Partnership: Related party of the largest shareholder; Selected in consideration of the investor's intent, payment capacity and timing, etc., for the prompt raising of funds needed to achieve the Company's management objectives; -; 470,000,000; - Biolas Investment Partnership: -; Selected in consideration of the investor's intent, payment capacity and timing, etc., for the prompt raising of funds needed to achieve the Company's management objectives; -; 1,722,000,000; -

[Where the buyers include the Company's largest shareholder or a related party of the largest shareholder] Buyer name: Relationship with the largest shareholder; Shares held at the time of the convertible bonds' issuance (quantity, ratio %); Shares to be issued upon conversion (quantity, ratio %); Note Shin Hwan-ryul: Himself; 2,459,298 shares, 10.11%; 808,000 shares, 1.99%; - Navis Fidelis No. 5 Partnership: Related party; 1,432,010 shares, 5.89%; 470,000 shares, 1.16%; - * The "ratio" for shares to be issued upon conversion is calculated based on the total shares outstanding as of the sale decision date, including the shares to be issued upon this conversion.

[Where the buyers include a corporation or other entity] (1) Basic information on the corporation or entity Name: Navis Fidelis No. 5 Partnership; Number of investors (persons): 11; CEO (representative partner): Shin Hwan-ryul, 39%; Managing partner: -, -; Largest shareholder (largest investor): Shin Hwan-ryul, 39% (2) Key financial matters of the corporation or entity for the most recent fiscal year (Unit: KRW million) Fiscal year: 2025, settled in December; Total assets: 16,083; Revenue: -; Total liabilities: -; Net income (loss): -; Total equity: 16,083; External auditor: -; Capital stock: 16,083; Audit opinion: -

[Where the buyers include a corporation or other entity] (1) Basic information on the corporation or entity Name: Biolas Investment Partnership; Number of investors (persons): 2; CEO (representative partner): Park Sun-hee, 51%; Managing partner: -, -; Largest shareholder (largest investor): Park Sun-hee, 51% (2) Key financial matters of the corporation or entity for the most recent fiscal year (Unit: KRW million) Fiscal year: 2025, settled in December; Total assets: 1,000; Revenue: -; Total liabilities: -; Net income (loss): -; Total equity: 1,000; External auditor: -; Capital stock: 1,000; Audit opinion: -