Decision to redeem own exchangeable bonds early

What happened

Namsung Co., Ltd. / Decision to redeem own exchangeable bonds before maturity / (2026.08.19) Decision to redeem own exchangeable bonds before maturity

Decision to redeem own exchangeable bonds before maturity 1. Type of bond: Series 33, unregistered, non-interest-bearing, unsecured, privately placed exchangeable bond 2. Bond issuance date: 2025-12-29 3. Bond issuance method: Private placement 4. Bond maturity date: 2030-12-29 5. Total face (electronically registered) amount of bond (KRW): 2,700,000,000 6. Face (electronically registered) amount of bond subject to acquisition (KRW): 2,700,000,000 7. Date of acquisition decision: 2026-08-19 8. Acquisition amount: amount (KRW) 2,700,000,000; basis of calculation: the acquisition amount reflects the guaranteed yield to maturity (0.0%), with no separate interest paid; (expected) payment date: 2026-08-31; source of acquisition funds: own funds 9. Acquisition method: Over-the-counter purchase 10. Reason for acquisition before maturity: Early acquisition following the bondholder's redemption request under Article 3, Paragraph 24 of the underwriting agreement 11. Future handling plan: The bonds will be retired (registration cancelled) after acquisition 12. Exchange-related matters: Exchange ratio (%): 100; Exchange price as of the reporting date (KRW/share): 8,171; Type of stock subject to exchange: Namsung Co., Ltd. common stock; Number of shares: 330,436; Ratio to total shares outstanding (%): 7.2; Exchange request period: start 2026-01-29; end 2030-11-29 13. Remaining face (electronically registered) balance of bond after acquisition (KRW): 0 14. Subject to Fair Trade Commission reporting: Not applicable 15. Other matters for investment reference: - "7. Date of acquisition decision" above is the date of the board resolution. - The amount in "8. Acquisition amount" above includes principal and interest, etc. - The (expected) payment date in "8. Acquisition amount" above may change subject to consultation with relevant institutions. - Under this matter, the exchange-target shares held in deposit at the Korea Securities Depository are to be returned to the Company.

[Matters concerning the seller(s)] Seller name | Relationship with company or largest shareholder | Selection background | Transactions/plans within 6 months before/after acquisition decision | Face amount of bond sold (KRW) | Note Soosung Asset Management Co., Ltd. (in its capacity as discretionary investment manager): -; Counterparty selected considering investors' payment capacity and timing, etc. for funds needed for the Company's management purposes; -; 700,000,000; - KB Securities Co., Ltd. (as trustee of "Soosung KOSDAQ Venture SN6 General Private Investment Trust"): -; same selection basis; -; 500,000,000; - Samsung Securities Co., Ltd. (as trustee of "Soosung KOSDAQ Venture SN7 General Private Investment Trust (Profit/Loss Differentiated)"): -; same selection basis; -; 500,000,000; - Samsung Securities Co., Ltd. (as trustee of "NH Hedge Exchangeable Bond Selection General Private Investment Trust No. 4"): -; same selection basis; -; 1,000,000,000; - * If a seller is the largest shareholder of the issuing company or its special related party, [Where a seller includes the company's largest shareholder or its special related party] must additionally be stated. Also, if sellers include a corporation, investment partnership, or other organization, [Where sellers include a corporation or organization] must additionally be stated (except where an entity subject to external audit does not become the largest shareholder of the issuer through exercise of rights granted under the relevant bond).