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

A later amendment corrects this filing, so the terms on this page may be out of date.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 (Decision to Sell Own Convertible Bonds) 6.0

THE E&M Co., Ltd.

Amendment Report (Correction) August 18, 2026

1. Disclosure document being amended: Decision to Sell Own Convertible Bonds 2. Original submission date of the disclosure document being amended: May 18, 2026 3. Amended items

Item: 9. Scheduled sale-proceeds receipt date Reason for amendment: Correction due to change in the sale-proceeds receipt date Before amendment: 2026-08-31 After amendment: 2026-10-30

Item: 13. Other matters for investment reference, (2) Reason for amendment: Correction due to change in the sale-proceeds receipt date Before amendment: (2) Item 9 above, "Scheduled sale-proceeds receipt date," is based on the balance payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026-05-18); Interim payment: KRW 1,580,250,000 (2026-08-18); Balance: KRW 4,424,700,000 (2026-08-31) After amendment: (2) Item 9 above, "Scheduled sale-proceeds receipt date," is based on the balance payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026-05-18); Interim payment: KRW 1,580,250,000 (2026-09-30); Balance: KRW 4,424,700,000 (2026-10-30)

Material Event Report / Matter Subject to Exchange Reporting Obligation To the Financial Services Commission / Korea Exchange May 18, 2026

Company name: THE E&M Co., Ltd. CEO: Shin Hwan-ryul Head office address: 41, Gangnam-daero 101an-gil, Seocho-gu, Seoul (Phone) 02-2088-8222 (Website) http://www.theenm.com Preparer: (Title) Director; (Name) Bae Mun-seop; (Phone) 02-2088-8222

Decision to Sell Own Convertible Bonds

1. Type of bonds Series: 20 Type: Unregistered (bearer-form), interest-bearing, unsecured, privately placed convertible bonds

2. Bond issuance date: May 20, 2025

3. Bond issuance method: Private placement

4. Bond maturity date: May 20, 2028

5. Total face (electronically registered) amount of bonds (KRW): 8,000,000,000

6. Details of pre-maturity acquisition of the bonds subject to sale Face (electronically registered) amount of bonds subject to sale (KRW): 3,000,000,000 Acquisition amount (KRW): 3,205,435,449 Circumstances of acquisition: Exercise of call option through agreement with the bondholder

7. Sale decision date: May 18, 2026

8. Sale amount Amount (KRW): 6,321,000,000 Basis of calculation: Determined through consultation with the buyer, considering the Company's overall circumstances, financing needs, conversion requests on the convertible bonds, and other factors

9. Scheduled sale-proceeds receipt date: October 30, 2026

10. Purpose of sale: Fund-raising through the sale of own convertible bonds

11. Matters concerning conversion Conversion ratio (%): 100 Conversion price as of the reporting date (KRW/share): 1,000 Type of shares to be issued upon conversion: THE E&M Co., Ltd. registered common shares Number of shares: 3,000,000 Ratio to total shares outstanding (%): 7.42 Conversion request period: Start date May 20, 2026; End date April 20, 2028

12. Subject to Fair Trade Commission reporting: Not applicable

13. Other matters for investment reference (1) This disclosure concerns the re-sale of KRW 3.0 billion (face value, 3,000,000,000) out of the KRW 4.0 billion Series 20 unregistered, interest-bearing, unsecured, privately placed convertible bonds that the Company acquired prior to maturity on May 18, 2026. (2) Item 9 above, "Scheduled sale-proceeds receipt date," is based on the balance payment date, and the payment schedule is as follows: - Down payment: KRW 316,050,000 (2026-05-18); Interim payment: KRW 1,580,250,000 (2026-09-30); Balance: KRW 4,424,700,000 (2026-10-30) (3) The "ratio to total shares outstanding" in "11. Matters concerning conversion" above was calculated based on the total voting shares outstanding as of the sale decision date, including the shares to be issued upon this conversion.

[Matters Concerning the Buyer] Buyer name: Shin Hwan-ryul; Relationship with the Company or largest shareholder: Largest shareholder (self); Basis of selection: Selected considering the investor's intent, funding capacity and timing, etc., to achieve the Company's business objectives and to raise necessary funds promptly; Transaction history and plans within 6 months before/after the sale decision: -; Face amount of bonds purchased (KRW): 808,000,000; Remarks: - Buyer name: Navis Fidelis No.5 Partnership; Relationship with the Company or largest shareholder: Related party of the largest shareholder; Basis of selection: Selected considering the investor's intent, funding capacity and timing, etc., to achieve the Company's business objectives and to raise necessary funds promptly; Transaction history and plans within 6 months before/after the sale decision: -; Face amount of bonds purchased (KRW): 470,000,000; Remarks: - Buyer name: Vioras Investment Partnership; Relationship with the Company or largest shareholder: -; Basis of selection: Selected considering the investor's intent, funding capacity and timing, etc., to achieve the Company's business objectives and to raise necessary funds promptly; Transaction history and plans within 6 months before/after the sale decision: -; Face amount of bonds purchased (KRW): 1,722,000,000; Remarks: -

[Where the Buyers Include the Company's Largest Shareholder or a Related Party Thereof] Buyer name: Shin Hwan-ryul; Relationship with largest shareholder: Self; Shares held at the time of convertible bond issuance - Quantity: 2,459,298; Ratio (%): 10.11; Shares to be issued upon conversion - Quantity: 808,000; Ratio (%): 1.99; Remarks: - Buyer name: Navis Fidelis No.5 Partnership; Relationship with largest shareholder: Related party; Shares held at the time of convertible bond issuance - Quantity: 1,432,010; Ratio (%): 5.89; Shares to be issued upon conversion - Quantity: 470,000; Ratio (%): 1.16; Remarks: - * The "ratio" for shares to be issued upon conversion is calculated based on the total shares issued as of the sale decision date, including the shares to be issued upon this conversion.

[Where the Buyers Include a Corporation or Entity] (1) Basic information on the corporation or entity Name: Navis Fidelis No.5 Partnership; Number of investors (persons): 11; Representative director (representative partner) - Name: Shin Hwan-ryul, Share (%): 39; Managing partner (managing partner) - Name: -, Share (%): -; Largest shareholder (largest investor) - Name: Shin Hwan-ryul, Share (%): 39 (2) Key financial information for the most recent fiscal year of the corporation or entity (Unit: KRW million) Fiscal year: 2025; Settlement month: December; Total assets: 16,083; Revenue: -; Total liabilities: -; Net income (loss): -; Total equity: 16,083; External auditor: -; Capital: 16,083; Audit opinion: -

[Where the Buyers Include a Corporation or Entity] (1) Basic information on the corporation or entity Name: Vioras Investment Partnership; Number of investors (persons): 2; Representative director (representative partner) - Name: Park Seon-hee, Share (%): 51; Managing partner (managing partner) - Name: -, Share (%): -; Largest shareholder (largest investor) - Name: Park Seon-hee, Share (%): 51 (2) Key financial information for the most recent fiscal year of the corporation or entity (Unit: KRW million) Fiscal year: 2025; Settlement month: December; Total assets: 1,000; Revenue: -; Total liabilities: -; Net income (loss): -; Total equity: 1,000; External auditor: -; Capital: 1,000; Audit opinion: -