[Amended] Material event report (decision to sell own convertible bonds)

What happened

Material Event Report (Decision to Sell Own Convertible Bonds) 6.0 Xplus Amendment Report (Correction) July 30, 2026 1. Disclosure document being amended: Material event report (decision to sell own convertible bonds) 2. Original filing date of the disclosure document being amended: June 28, 2024 3. Amendment details Item: 9. Sale proceeds receipt (expected) date; reason for amendment: change of payment date; before amendment: 2026-07-30; after amendment: 2026-09-30

Material Event Report / Exchange Reporting Obligation To the Financial Services Commission / Korea Exchange June 28, 2024 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.com Preparer: (Title) Executive Director (Name) Kim Nam-gyun (Phone) 02-3446-7421

Decision to Sell Own Convertible Bonds

1. Type of bond: Series 2, unregistered unsecured private-placement convertible bonds 2. Bond issuance date: July 26, 2023 3. Bond issuance method: Private placement 4. Bond maturity date: July 26, 2028 5. Total face (electronically registered) value of the bonds (KRW): 3,000,000,000 6. Details of early acquisition of the bonds to be sold: face (electronically registered) value of bonds to be sold (KRW): 2,800,000,000; acquisition amount (KRW): 2,821,284,677; reason for acquisition: loss of the benefit of time (acceleration) 7. Sale decision date: May 17, 2024 8. Sale amount: KRW 2,800,000,000; basis for determination: determined through negotiation with the buyers 9. Sale proceeds receipt (expected) date: September 30, 2026 10. Purpose of sale: To secure working capital 11. Matters related to conversion: conversion ratio 100%; conversion price as of the report date (KRW/share): 4,646; type of shares to be issued upon conversion: common shares; number of shares: 602,668; ratio to total shares outstanding: 2.51%; conversion request period: start date July 26, 2024; end date June 26, 2028 12. Whether subject to Fair Trade Commission reporting: Not applicable 13. Other matters material to investment decisions - This disclosure concerns the resale of the Series 2 unregistered coupon-bearing unsecured private-placement convertible bonds acquired early by the company before maturity, filed pursuant to a Fair Trade Commission recommendation; please also refer to the other material management matter (voluntary disclosure) filed on May 17, 2024. (a) This decision to resell the convertible bonds concerns the resale of KRW 2.8 billion out of the KRW 3.0 billion face value of the "Series 2 unregistered coupon-bearing unsecured private-placement convertible bonds" acquired early by the company before maturity. The "acquisition amount" in item 6 above includes both principal and interest. (b) Regarding the "ratio to total shares outstanding" in item 11 above, this ratio was calculated based on the total voting shares issued as of the sale decision date, including the shares to be issued upon the conversion described in item 11. A stock consolidation and a rights offering took place in April 2026, changing the previous total shares outstanding: before change: 112,480,583 shares; after the stock consolidation: 22,496,116 shares; after the rights offering: 24,046,891 shares. (c) Matters related to the early redemption request right (put option) - The bondholder of these bonds may request early redemption before maturity, for the entire amount obtained by multiplying the electronically registered amount by the early redemption rate, on July 26, 2025 (the date two years after the issuance date of the bonds) and on each date falling every three months thereafter (the "early redemption payment date"). However, if the early redemption payment date is not a business day, redemption shall be made on the following business day, and no interest shall accrue after the early redemption payment date.

Early redemption schedule (request period / payment date / redemption rate): 1st: 2025-06-26 to 2025-07-11; payment date 2025-07-26; rate 102.0175% 2nd: 2025-09-26 to 2025-10-13; payment date 2025-10-26; rate 102.2726% 3rd: 2025-12-27 to 2026-01-12; payment date 2026-01-26; rate 102.5283% 4th: 2026-03-27 to 2026-04-13; payment date 2026-04-26; rate 102.7846% 5th: 2026-06-26 to 2026-07-13; payment date 2026-07-26; rate 103.0415% 6th: 2026-09-26 to 2026-10-12; payment date 2026-10-26; rate 103.2991% 7th: 2026-12-27 to 2027-01-11; payment date 2027-01-26; rate 103.5574% 8th: 2027-03-27 to 2027-04-12; payment date 2027-04-26; rate 103.8163% 9th: 2027-06-26 to 2027-07-12; payment date 2027-07-26; rate 104.0758% 10th: 2027-09-26 to 2027-10-12; payment date 2027-10-26; rate 104.3360% 11th: 2027-12-27 to 2028-01-11; payment date 2028-01-26; rate 104.5969% 12th: 2028-03-27 to 2028-04-11; payment date 2028-04-26; rate 104.8584%

(d) Conversion price adjustment history 1) Conversion price adjustment due to decline in market price (adjustment date: September 26, 2024) - before: KRW 1,381 - after: KRW 967 2) Conversion price adjustment due to rights offering (adjustment date: December 27, 2024) - before: KRW 967 - after: KRW 953 3) Conversion price adjustment due to rights offering (adjustment date: March 29, 2025) - before: KRW 953 - after: KRW 945 4) Conversion price adjustment due to decline in market price (adjustment date: April 26, 2025) - before: KRW 945 - after: KRW 944 5) Conversion price adjustment due to rights offering (adjustment date: May 10, 2025) - before: KRW 944 - after: KRW 943 6) Conversion price adjustment due to rights offering (adjustment date: July 11, 2025) - before: KRW 943 - after: KRW 936 7) Conversion price adjustment due to decline in market price (adjustment date: November 26, 2025) - before: KRW 936 - after: KRW 935 8) Conversion price adjustment due to stock consolidation (adjustment date: April 29, 2025 (as stated in the filing)) - before: KRW 935 - after: KRW 4,675 9) Conversion price adjustment due to rights offering (adjustment date: April 30, 2025 (as stated in the filing)) - before: KRW 4,675 - after: KRW 4,646

[Matters Related to the Buyers] K.S.P. Partnership: relationship to the company or largest shareholder -; selection process: selected considering the investor's intent, payment capacity, timing, etc., to achieve the company's management objectives and promptly secure needed funds; transactions within 6 months before/after the sale decision -; face value of bonds purchased (KRW): 400,000,000; note - Baelero No. 2 Investment Partnership: relationship -; selection process: same as above; transactions -; face value of bonds purchased (KRW): 400,000,000; note - X-Flex Co., Ltd.: relationship: affiliate; selection process: same as above; transactions -; face value of bonds purchased (KRW): 2,000,000,000; note -

[Where the Buyer Includes a Corporation or Organization] (1) Basic information on the corporation or organization K.S.P. Partnership: number of investors 3; representative (managing partner): Jeong Hyeon-suk, 86%; operator (managing partner): -; largest shareholder (largest investor): Jeong Hyeon-suk, 86% (2) Key financial information for the most recent fiscal year (Unit: KRW million) Fiscal year: December 2023; total assets: 6,500; revenue: -; total liabilities: -; net income: -; total equity: 6,500; external auditor: -; paid-in capital: 6,500; audit opinion: -

[Where the Buyer Includes a Corporation or Organization] (1) Basic information on the corporation or organization Baelero No. 2 Investment Partnership: number of investors 4; representative (managing partner): Ko Hyeon-gil, 50%; operator (managing partner): -; largest shareholder (largest investor): Ko Hyeon-gil, 50% (2) Key financial information for the most recent fiscal year (Unit: KRW million) Fiscal year: December 2023; total assets: 1,300; revenue: -; total liabilities: -; net income: -; total equity: 1,300; external auditor: -; paid-in capital: 1,300; audit opinion: -

[Where the Buyer Includes a Corporation or Organization] (1) Basic information on the corporation or organization X-Flex Co., Ltd.: number of investors 3; representative director: Yoon Sang-cheol -; operator -; largest shareholder: X-Pherix Co., Ltd., 62.9% (2) Key financial information for the most recent fiscal year (Unit: KRW million) Fiscal year: December 2024; total assets: 4,050; revenue: 322; total liabilities: 70; net income: -8; total equity: 3,980; external auditor: -; paid-in capital: 914; audit opinion: -