Change of largest shareholder

What happened

Toebox Korea / Change of Largest Shareholder / (2026.07.23)

Change of Largest Shareholder 1. Change details: largest shareholder before change Lee Seon-geun and 7 others, shares held 1,862,933, ownership ratio 17.35%; largest shareholder after change Kumbi Co., Ltd. and 2 others, shares held 3,629,751, ownership ratio 33.80% 2. Reason for change: Change pursuant to performance of stock purchase agreement - change due to acquisition of forfeited shares: No - lock-up obligation on transferred shares: No 3. Purpose of equity acquisition: Business diversification and securing new growth drivers - source of acquisition funds: own funds KRW 9,969,945,780; borrowed funds: None; lender: None; borrowing period: None; collateral: None - plan for appointment/dismissal of executives after acquisition: To be appointed through an extraordinary general shareholders' meeting 4. Change date: 2026-07-23 5. Date of confirmation of change: 2026-07-23 6. Other matters relevant to investment judgment - The ownership ratios in item 1 are calculated based on the company's total shares outstanding of 10,740,000 shares. - The "lock-up obligation on transferred shares" in item 2 relates to the 1,189,731 existing shares; the 1,790,000 new shares acquired through the third-party-placement rights offering are subject to a separate lock-up measure. - Items 4 and 5 above are the date of final payment and share-account transfer under the share purchase agreement. ※ Related disclosures: 2026-07-13 Rights offering decision (third-party placement); 2026-07-07 Securities issuance results (voluntary); 2026-06-26 Execution of share purchase agreement involving change of largest shareholder

[Detailed breakdown of changes] Lee Seon-geun - largest shareholder before change - before: 1,600,000 shares, 14.90% - after: 600,000 shares, 5.59% - note: special related party of largest shareholder after change Bae Eun-young - special related party of prior largest shareholder - before: 118,800 shares, 1.11% - after: None Lee Chang-geun - special related party of prior largest shareholder - before: 45,000 shares, 0.42% - after: None Lee Do-yeon - special related party of prior largest shareholder - before: 9,000 shares, 0.08% - after: None Lee Yun-seo - special related party of prior largest shareholder - before: 9,000 shares, 0.08% - after: None Park Kyung-sook - special related party of prior largest shareholder - before: 7,931 shares, 0.07% - after: None Oh Mi-jeong - special related party of prior largest shareholder - before: 23,182 shares, 0.22% - after: 23,182 shares, 0.22% - note: None Yoon Yeo-jun - special related party of prior largest shareholder - before: 50,020 shares, 0.47% - after: 50,020 shares, 0.47% - note: special related party of largest shareholder after change Kumbi Co., Ltd. - largest shareholder after change - before: 1,790,000 shares, 16.67% - after: 2,979,731 shares, 27.74% - note: None

[Information on the new largest shareholder (general corporation)] 1. Basic corporate information: Name: Kumbi Co., Ltd.; Nationality: Republic of Korea; Address (to district/town level): Dongbaek-jukjeon-daero, Giheung-gu, Yongin-si, Gyeonggi-do; Corporate registration number: 160111-0383490 - Main business: Manufacture and sale of infant/childcare products including play mats, infant furniture, skincare and home appliances - Largest shareholder/CEO/representative executive officer and ownership: largest shareholder and CEO Park Young-geon, 2,454,290 shares, 16.77% - Executive career history: Park Young-geon - Kumbi Co., Ltd., listed (KOSDAQ), CEO, joined October 27, 2014, still serving - History as largest shareholder of a listed company: Park Young-geon - Kumbi Co., Ltd., listed (KOSDAQ), largest shareholder from February 9, 2023 to present 2. Key financial information (Unit: KRW million): FY2025 (12th fiscal year) - total assets 122,661; capital stock 1,481; total liabilities 54,981; revenue 86,394; total equity 67,680; net loss 15,072; external auditor Donghyun Accounting Corporation; in business suspension: No; audit opinion: Unqualified; business closure: No 3. Relationship between the listed company and the new largest shareholder (corporation): None stated; relationship between listed company's executives and new largest shareholder: None 4. Transactions between the listed company and the new largest shareholder (corporation) in the past 3 years (excluding ordinary transactions): current year - 2026.07.07, participation in third-party-placement rights offering, 1,790,000 common shares, payment amount KRW 3,562,100,000; prior year: None; year before that: None