[Amended] Material event report (CB call option holder designated)

A later amendment corrects this filing, so the terms on this page may be out of date.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 (CB Call Option Holder Designated) 6.0 Xplus Amendment Report (Correction) July 30, 2026 1. Disclosure document being amended: Material event report (convertible bond call option holder designated) 2. Original filing date of the disclosure document being amended: February 24, 2026 3. Amendment details Item: 9. Designated-consideration (transfer price) receipt (expected) date; reason for amendment: change of designated-consideration receipt date; before amendment: 2026-07-30; after amendment: 2026-09-30

[Selection process, transaction history, designated consideration, etc. for each designee] Before amendment: - 1st installment (2/24): KRW 195,625,000 (50%) - 2nd installment (7/30): KRW 195,625,000 (50%) After amendment: - 1st installment (2/24): KRW 195,625,000 (50%) - 2nd installment (9/30): KRW 195,625,000 (50%)

Material Event Report To the Financial Services Commission February 24, 2026 Company name: Xplus Inc. CEO: Yoon Sang-cheol Head office address: 13th floor, Building A, 201 Songpa-daero, Songpa-gu, Seoul (Phone) 02-3446-7421 (Website) http://xplusinc.ocm (as stated in the filing) Preparer: (Title) Executive Director (Name) Kim Nam-gyun (Phone) 02-3446-7421

Designation of Convertible Bond Call Option Holder

1. Type of bond: Series 4, unregistered coupon-bearing unsecured private-placement convertible bonds 2. Bond issuance date: February 25, 2025 3. Bond issuance method: Private placement 4. Bond maturity date: February 25, 2028 5. Whether this is a holder designation or a transfer: Holder designation 6. Details of the call-option holder designation (transfer): face (electronically registered) value of convertible bonds subject to the call-option holder designation (transfer) (A): KRW 7,825,000,000; total face (electronically registered) value of these convertible bonds (B): KRW 15,650,000,000; designation ratio (A/B): 50% 7. Holder designation date (transfer date): February 24, 2026 8. Designated consideration (transfer amount): KRW 391,250,000; basis for determination: 5% of the exercise amount 9. Designated-consideration (transfer price) receipt (expected) date: September 30, 2026 10. Matters related to conversion: conversion ratio 100%; conversion price as of the report date (KRW/share): 606; type of shares to be issued upon conversion: Xplus Inc. registered common shares; number of shares: 12,912,541; ratio to total shares outstanding: 11.48%; conversion request period: start date February 25, 2026; end date January 25, 2028 11. Whether subject to Fair Trade Commission reporting: Not applicable 12. Other matters material to investment decisions

[Matters related to the call option] 1) The issuer and the person designated by the issuer (the "buyer") may, from the date one year after the issuance date of these bonds (February 25, 2026) to the date two years after the issuance date of these bonds (February 25, 2027), on the 20th of each month (each a "trade date"; if that day is not a business day, the following business day), request each bondholder to sell, on a pro rata basis, the bonds held by that bondholder to the buyer, and the bondholder must sell the bonds it holds to the buyer upon the issuer's request. However, the issuer may exercise the call option against each bondholder only up to 50% of the issue amount of the bonds held by that bondholder. 2) Call option exercise period and method: the buyer must give the bondholder written notice of the call option exercise, stating the buyer's name, the quantity of bonds to be purchased, the payment due date and the purchase price, no later than 10 business days (days other than Saturdays and public holidays on which banks in Seoul conduct ordinary business, excluding days on which only some banks or some bank branches operate; the same applies below) before each trade date. The sale and purchase agreement for these bonds is deemed concluded when the issuer's sale request reaches the bondholder. 3) To ensure that the issuer's call option under paragraph 1 can be exercised, if a subscriber to the bonds transfers the bonds before the end of the call option exercise period, the transfer must be made in a manner that preserves the issuer's call option under paragraph 1. In addition, if these bonds are transferred, the transfer details must be notified to the issuer within 10 business days of the transfer date. 4) From the issuance date until the end of the exercise period for trade dates (February 25, 2027), each bondholder must hold, in bond form without exercising the conversion right or the early redemption request right, 50% of the aggregate face value held by that bondholder, in order to ensure that the issuer's call option can be exercised; the issuer may exercise the call option within 50% of each bondholder's aggregate face value held. 5) Trade amount: the trade amount is the call-option exercise amount up to the trade date, with an annual interest rate of 6% applied. Trade amount = call-option exercise amount (face value) x (1 + 0.06 x bond holding period / 365) 6) When the issuer makes a call-option request to a bondholder under items (a) through (e) above, the buyer shall pay the trade amount to the bondholder by the method designated by the bondholder within the payment due date, and the bondholder shall deliver the bonds subject to the call-option request to the buyer without delay after receiving the trade amount.

[Selection process, transaction history, designated consideration, etc. for each designee] Alpha Investment Partnership: relationship to the company or largest shareholder -; selection process: selected by the board of directors considering the call-option exercise capacity and the company's fundraising, etc.; transactions within 6 months before/after the designation date (transfer date) -; face (electronically registered) value of convertible bonds subject to the call-option transfer or holder designation: KRW 7,825,000,000; designated consideration (transfer amount): KRW 391,250,000; note - Note 1) The above "designated consideration" is expected to be received as follows: - 1st installment (2/24): KRW 195,625,000 (50%) - 2nd installment (9/30): KRW 195,625,000 (50%)

[Where the Designee Includes a Corporation or Organization] (1) Basic information on the corporation or organization Alpha Investment Partnership: number of investors 2; representative (managing partner): Park Ha-seon, 90.0%; operator (managing partner): -; largest shareholder (largest investor): Park Ha-seon, 90.0%; other partner: Choi Min-gyu, 10.0% (2) Key financial information for the most recent fiscal year (Unit: KRW million) Fiscal year -; total assets -; revenue -; total liabilities -; net income -; total equity -; external auditor -; paid-in capital -; audit opinion -