Bitmax

377030 · KOSDAQ · Information Technology · SMALL CAP

Material event report (decision to redeem own convertible bonds early)

Bitmax decided to redeem US$1.42M in face value of its Series 2 convertible bonds before maturity, paying US$1.42M on 2026-08-11 by agreement with the bondholder, leaving US$2.83M outstanding.

Capital raise(Material event report (decision to redeem own convertible bonds early))· FILED 2026-08-11· RCEPT 20260811000425

What happened

Material Event Report (Decision to Redeem Own Convertible Bonds Before Maturity) 6.0 Bitmax Co., Ltd. Material Event Report / Korea Exchange Reporting Matter To the Financial Services Commission / Korea Exchange August 11, 2026 Company name: Bitmax Co., Ltd. CEO: Hong Sang-hyeok Head office address: 2nd floor, 4 Nambusunhwan-ro 351-gil, Gangnam-gu, Seoul (Tel) 02-585-9566 (Website) https://bitmax.im Preparer: (Title) General Manager, Disclosure (Name) Kang Yang-myeong (Tel) 02-585-9566

Decision to Redeem Own Convertible Bonds Before Maturity

1. Bond type: Series 2, unregistered, interest-bearing, unsecured, privately placed convertible bonds 2. Bond issue date: February 13, 2025 3. Bond issuance method: Private placement 4. Bond maturity date: February 13, 2028 5. Face value (electronically registered) total of bonds (KRW): 25,000,000,000 6. Face value (electronically registered) amount of bonds to be redeemed (KRW): 2,000,000,000 7. Redemption decision date: August 11, 2026 8. Redemption amount Amount (KRW): 2,000,000,000 Basis for calculation: Principal (Expected) payment date: August 11, 2026 Source of redemption funds: Own funds 9. Redemption method: Over-the-counter acquisition 10. Reason for redemption before maturity: Agreement with the bondholder 11. Future treatment plan: Cancellation after redemption 12. Conversion details Conversion ratio (%): 100 Conversion price as of the report date (KRW/share): 5,098 Type of shares to be issued upon conversion: Bitmax Co., Ltd. common shares Number of shares: 392,310 Ratio to total shares outstanding (%): 2.67 Conversion request period: from February 13, 2026 to January 13, 2028 13. Face value (electronically registered) balance of bonds after redemption (KRW): 4,000,000,000 14. Subject to Fair Trade Commission reporting: Not applicable

15. Other matters for investment decisions - The redemption decision date above is the board resolution date. - The ratio to total shares outstanding upon conversion above is calculated based on the current total of 14,291,702 issued shares.

[Seller] (Seller; Relationship to the company or largest shareholder; Selection background; Transactions/plans within 6 months before/after the redemption decision; Face value of bonds sold (KRW); Note) Smart Prime Value Investment Association; -; -; -; 2,000,000,000; -

[Where the seller is an association] (1) Basic information: Smart Prime Value Investment Association; 3 investors; representative director (representative partner) Lee Jeong-mi (0.0%); managing partner Lee Jeong-mi (0.0%); largest investor USC (53.3%) (2) Key financial data, most recent fiscal year (FY2025, year-end December; KRW million): Total assets -; Revenue -; Total liabilities -; Net income -; Total equity -; External auditor -; Capital -; Audit opinion -

Filed2026-08-11, Material event report (decision to redeem own convertible bonds early)
SourceDART rcept 20260811000425 → open original filing

Source: DART. Information only, not investment advice.

For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-08-11 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).