Material event report (decision to redeem own convertible bonds early)

What happened

Material Event Report / Korea Exchange Reporting Obligation. To: Financial Services Commission / Korea Exchange. Date: 2026-07-23. Company name: Hojeon Co., Ltd.; CEOs: Park Yong-cheol, Park Jin-ho; Head office: 11th-12th floors, 10 Mapo-daero, Mapo-gu, Seoul (Mapo-dong, Shinhwa Building); Tel: 02-705-5727; Website: http://www.hojeon.com; Preparer: Finance Office Head Jeong Tae-wook, Tel 02-705-5727.

Decision to Acquire Own Convertible Bonds Before Maturity 1. Type of bond: Series 13, unregistered interest-coupon unsecured private-placement convertible bonds 2. Bond issuance date: 2021-10-25 3. Bond issuance method: Private placement 4. Bond maturity date: 2026-10-25 5. Total face value (electronically registered) of the bond (KRW): 22,500,000,000 6. Face value of bonds to be acquired (KRW): 5,000,000,000 7. Acquisition decision date: 2026-07-23 8. Acquisition amount: KRW 5,000,000,000; basis: principal payment (expected) date 2026-07-27; source of acquisition funds: own funds 9. Acquisition method: Over-the-counter purchase 10. Reason for early acquisition: Bondholder's exercise of early-redemption (put) option 11. Future handling plan: Cancellation after acquisition 12. Conversion details: Conversion ratio (%): 22.22; conversion price as of report date (KRW/share): 10,850; type of shares to be issued on conversion: registered common stock; number of shares: 460,829; ratio to total shares (%): 5.08; conversion request period: start 2023-09-25, end 2026-07-10 13. Remaining face value of the bond after acquisition (KRW): - 14. Subject to Fair Trade Commission reporting: Not applicable 15. Other matters for investment reference: Details regarding the 13th-series convertible bonds are as follows: 1) Total issuance amount: KRW 22,500,000,000; 2-1) Total amount previously converted: -; 2-2) Total amount previously acquired (cancelled): KRW 17,500,000,000; 3) Balance before this acquisition: KRW 5,000,000,000; 4) Total amount to be acquired this time: KRW 5,000,000,000; 5) Balance after acquisition: -. - The "shares to be issued on conversion" in item 12 above is the number of shares and ratio to total shares that would be issued if the bonds being acquired this time were converted; this portion of the acquired convertible bonds will not be converted and will instead be cancelled. - Item 7 ("acquisition decision date") is the internal payment-resolution date.

[Information on Sellers] (seller / relationship to the company or largest shareholder / selection background / transactions within 6 months before/after the acquisition decision / face value of bonds sold (KRW) / notes): - / - / - / - / 5,000,000,000 / - Note: this acquisition arises from exercise of the early-redemption (put) option by unspecified bondholders under the schedule in the convertible-bond underwriting agreement, so no specific seller is identified. None of the convertible bondholders is a related party of the company.