Material event report (treasury share acquisition) (subsidiary)

What happened

Material Event Report / Korea Exchange Reporting Obligation - Report on Material Management Matter of Subsidiary iPark Hyundai Development Co., Ltd. To: Financial Services Commission / Korea Exchange. Date: 2026-07-23. Company name: iPark Hyundai Development Co., Ltd.; CEO: Jeong Gyeong-gu; Head office: 55 Hangang-daero 23-gil, Yongsan-gu, Seoul; Tel: 02-2008-9114; Website: http://www.ipark-dvp.com; Preparer: Finance Team Leader Lee Ik-dong, Tel 02-2008-9114.

Treasury Share Acquisition Decision 1. Shares planned for acquisition: common shares 1,545,595; other-class shares: - 2. Planned acquisition amount (KRW): common shares 30,000,000,000; other-class shares: - 3. Expected acquisition period: 2026-07-24 to 2026-10-23 4. Expected holding period: start - ; end - 5. Purpose of acquisition: Treasury share acquisition and retirement to enhance shareholder value 6. Acquisition method: Direct acquisition through the securities market 7. Entrusted investment brokers: KB Securities, NH Investment & Securities 8. Treasury shares held before acquisition: within distributable-profit limits - common shares 3,127,352 (4.75%), other-class shares - ; other acquisitions - common shares 9,470 (0.01%), other-class shares - 9. Date of acquisition decision: 2026-07-23 - independent (outside) directors present: 3, absent: - ; audit committee member who is not an independent/outside director, present: - 10. Daily purchase order quantity limit: common shares 154,559; other-class shares - * For listed companies this refers to independent directors; for unlisted companies, outside directors. 11. Other matters for investment reference: - Item 1 ("shares planned for acquisition") was calculated by dividing item 2 ("planned acquisition amount") by the closing price on the trading day before the board resolution (2026-07-22, common share price KRW 19,410); the actual quantity acquired may vary with future share-price movements. - Item 2 ("planned acquisition amount") is the amount resolved by the company's board today. - Regarding item 4 ("expected holding period"), the company plans to retire, within one year of acquisition (per Commercial Act Article 341-4), the treasury shares acquired during the period in item 3, with the specific schedule to be confirmed by a future board resolution. - Regarding item 9, all members of the company's audit committee are independent directors. - Regarding item 10 ("daily purchase order quantity limit"): 154,559 common shares, being the smaller of [the greater of (1) and (2)] and (3), where (1) 10% of the shares reported for acquisition = 154,559 shares; (2) 25% of the 1-month average daily trading volume before the day prior to the board resolution = 51,239 shares; (3) 1% of total shares outstanding = 659,073 shares.

[Treasury Share Acquisition Amount Limit] (KRW million) 1. Distributable-profit limit under the Commercial Act as of the end of the preceding fiscal year: (a) Net assets: 3,294,972 (b) Capital stock: 329,537 (c) Sum of capital reserves and earned-surplus reserves accumulated through the preceding fiscal year: 1,626,390 (d) Unrealized gains as prescribed by presidential decree: 14,050 Subtotal (a-b-c-d): 1,324,995 2. Treasury share acquisition amount since the end of the preceding fiscal year: 13,782 3. Dividend amount and related earned-surplus reserve resolved at the regular shareholders' meeting since the end of the preceding fiscal year: 48,333 4. Quarterly/interim dividend amount and related earned-surplus reserve resolved by the board since the end of the preceding fiscal year: 0 5. Trust contract amount: 0 6. Acquisition cost of treasury shares disposed of since the end of the preceding fiscal year (moving-average method): 0 Treasury share acquisition amount limit (1-2-3-4-5+6): 1,262,880 - Figures above are in KRW million. Item 1 (distributable-profit limit) was calculated internally based on the 2025 year-end separate financial statements.

[Treasury Shares Held Before This Acquisition Decision] (shares) Within distributable-profit limit, on-exchange direct acquisition: common shares - opening balance 3,127,352, no change, closing balance 3,127,352; other-class shares - nil throughout. Off-exchange direct acquisition and tender offer: common and other-class shares - nil throughout. Subtotal (a): common shares - opening 3,127,352, closing 3,127,352; other-class shares - nil. Acquisition via trust contract (trustee-held / self-held): common and other-class shares - nil throughout. Subtotal (b): nil. Other acquisitions (c): common shares - opening 9,470, closing 9,470; other-class shares - nil. Total (a+b+c): common shares - opening 3,136,822, closing 3,136,822; other-class shares - nil. - The opening balance above is as of the start of the current fiscal year (2026-01-01); the closing balance is as of the report submission date (2026-07-23).