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: JOYWORKS&Co Co., Ltd.; CEO: Song Yun-seop; Head office: 5F Hybrand Fashion Hall, 16 Maeheon-ro, Seocho-gu, Seoul (Yangjae-dong, Rodeo Della Moda); Tel: 070-4077-3221; Website: http://joyworksnco.com; Preparer: General Manager Baek Sang-min, Tel 070-4077-3221.

Decision to Acquire Own Convertible Bonds Before Maturity 1. Type of bond: Series 3, unregistered interest-coupon unsecured private-placement convertible bonds 2. Bond issuance date: 2025-08-08 3. Bond issuance method: Private placement 4. Bond maturity date: 2028-08-08 5. Total face value (electronically registered) of the bond (KRW): 12,000,000,000 6. Face value of bonds to be acquired (KRW): 11,000,000,000 7. Acquisition decision date: 2026-07-23 8. Acquisition amount: KRW 11,408,789,927; basis: principal and interest payment (expected) date 2026-07-27; source of acquisition funds: own funds and funds raised through the 4th-series convertible bonds 9. Acquisition method: Over-the-counter purchase 10. Reason for early acquisition: Decision to acquire the bonds before maturity through agreement with bondholders 11. Future handling plan: Full cancellation (retirement) of the acquired bond amount (cancellation of the registered bond) 12. Conversion details: Conversion ratio (%): 100; conversion price as of report date (KRW/share): 2,827; type of shares to be issued on conversion: registered common stock; number of shares: -; ratio to total shares: -; conversion request period: start 2026-08-08, end 2028-07-08 13. Remaining face value of the bond after acquisition (KRW): 1,000,000,000 14. Subject to Fair Trade Commission reporting: Not applicable 15. Other matters for investment reference: 1) Item 7 ("acquisition decision date") is the board resolution date; the payment (expected) date is the early-redemption payment date. 2) Item 8 ("acquisition amount") includes both principal and interest. 3) The conversion price as of the report date in item 12 reflects the change resulting from the bonus share issue taking effect on 2026-05-28.

[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): Sangsangin Securities Co., Ltd. - - bondholder of this bond - - 2,000,000,000 - Sangsangin Savings Bank Co., Ltd. - - bondholder of this bond - - 4,500,000,000 - Sangsangin Plus Savings Bank Co., Ltd. - - bondholder of this bond - - 4,500,000,000 - Total: - - - 11,000,000,000 -