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

What happened

Material Event Report (Decision to Sell Own Convertible Bonds) THE Codi Co., Ltd.

Amendment Report August 20, 2026

1. Disclosure document subject to amendment: Material event report (decision to sell own convertible bonds) 2. Original filing date of the disclosure document subject to amendment: November 29, 2024 3. Amendments

[Decision to sell own convertible bonds] Item 9. Scheduled date of receipt of sale proceeds, Reason for amendment: Termination of the contract due to the buyer's breach. Before: August 20, 2026. After: -.

[Decision to sell own convertible bonds] Item 13. Other matters for reference in investment decisions Before: Payment of the purchase price for the subject bonds is divided into a down payment, a first interim payment, a second interim payment and a balance payment, with the detailed payment schedule as follows. 1) Down payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 100,000,000 (one hundred million won) as the down payment for this agreement, which shall thereafter be applied toward the balance payment. 2) First interim payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 900,000,000 (nine hundred million won) as the first interim payment for this agreement. 3) Balance: By August 20, 2026, the buyer shall pay the seller KRW 2,000,000,000 (two billion won) as the balance payment for this agreement. 4) The above payment schedule may be changed later by agreement between the seller and the buyer. After: Payment of the purchase price for the subject bonds is divided into a down payment, a first interim payment, a second interim payment and a balance payment, with the detailed payment schedule as follows. 1) Down payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 100,000,000 (one hundred million won) as the down payment for this agreement, which shall thereafter be applied toward the balance payment. 2) First interim payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 900,000,000 (nine hundred million won) as the first interim payment for this agreement. 3) This agreement has been terminated due to the counterparty's failure to perform its obligations under the agreement. Accordingly, the down payment of KRW 100,000,000 (one hundred million won) is forfeited due to the counterparty's fault.

Material Event Report / Matter Subject to Exchange Reporting Obligation To: Financial Services Commission / Korea Exchange Date: November 29, 2024 Company name: THE Codi Co., Ltd. Representative Director: Hyun-jun Choi Head office address: 62 Baekseok-gongdan 2-gil, Seobuk-gu, Cheonan-si, Chungcheongnam-do (Baekseok-dong) Phone: 041-620-9000 Website: http://www.thecodi.kr Preparer: Title: Director, Name: Hee-taek Kim, Phone: 041-620-9021

Decision to Sell Own Convertible Bonds 1. Type of bonds: Series 8; Type: Unregistered, interest-bearing, unsecured convertible bonds 2. Bond issue date: September 20, 2023 3. Bond issuance method: Private placement 4. Bond maturity date: September 20, 2026 5. Total face (electronically registered) value of the bonds (KRW): 4,000,000,000 6. Details of the pre-maturity acquisition of the bonds subject to sale: Face (electronically registered) value of bonds subject to sale (KRW) 3,000,000,000; Acquisition amount (KRW) 3,000,000,000; Background of acquisition - acquisition before maturity under agreement with the bondholder 7. Sale decision date: November 29, 2024 8. Sale amount: Amount (KRW) 3,000,000,000; Basis of calculation - determined through negotiation with the buyer 9. Scheduled date of receipt of sale proceeds: - 10. Purpose of sale: Securing working capital 11. Matters concerning conversion: Conversion ratio (%) 100; Conversion price as of the report date (KRW/share) 4,608; Type of shares to be issued upon conversion - THE Codi Co., Ltd. common shares; Number of shares 651,041; Ratio to total shares outstanding (%) 12.05; Conversion request period Start date September 20, 2024, End date August 20, 2026 12. Whether subject to filing with the Fair Trade Commission: Not applicable 13. Other matters for reference in investment decisions - This disclosure concerns the resale of the entire KRW 3,000,000,000 (face value) out of the KRW 3,000,000,000 (face value) portion of the 8th-series unregistered, interest-bearing, unsecured, privately placed convertible bonds that the Company acquired before maturity on September 20, 2024. - Payment of the purchase price for the subject bonds is divided into a down payment, a first interim payment, a second interim payment and a balance payment, with the detailed payment schedule as follows. 1) Down payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 100,000,000 (one hundred million won) as the down payment for this agreement, which shall thereafter be applied toward the balance payment. 2) First interim payment: On the date of execution of this agreement, the buyer shall pay the seller KRW 900,000,000 (nine hundred million won) as the first interim payment for this agreement. 3) This agreement has been terminated due to the counterparty's failure to perform its obligations under the agreement. Accordingly, the down payment of KRW 100,000,000 (one hundred million won) is forfeited due to the counterparty's fault. - The "conversion ratio (%)" in "11. Matters concerning conversion" above is calculated as the ratio of the portion for which conversion was requested out of the face value of the bonds purchased. - The "ratio to total shares outstanding (%)" in "11. Matters concerning conversion" above is calculated based on the total number of voting shares issued as of the sale decision date, including the shares to be issued upon conversion referred to in "11. Matters concerning conversion" above.

1) Matters concerning the early redemption right (put option) The bondholder of these bonds may request early redemption before maturity from the issuer, on the date falling one year after the issue date (September 20, 2024) and on each date falling every three months thereafter (the "early redemption payment date"), of the full amount (rounding down amounts less than one won) obtained by multiplying the principal of "these bonds" by the early redemption rate; provided that if an early redemption payment date is not a banking business day, redemption shall be made on the next business day, and no interest shall accrue for the period after the early redemption payment date.

Category: Early redemption request period (From / To); Early redemption date; Early redemption rate (%) 1st: July 22, 2024 to August 21, 2024; September 20, 2024; 102.0531 2nd: October 22, 2024 to November 21, 2024; December 20, 2024; 102.5890 3rd: January 22, 2025 to February 21, 2025; March 20, 2025; 103.1344 4th: April 22, 2025 to May 21, 2025; June 20, 2025; 103.6892 5th: July 22, 2025 to August 21, 2025; September 20, 2025; 104.2538 6th: October 22, 2025 to November 21, 2025; December 20, 2025; 104.8282 7th: January 22, 2026 to February 21, 2026; March 20, 2026; 105.4127 8th: April 22, 2026 to May 21, 2026; June 20, 2026; 106.0074

- Place for requesting early redemption: Head office of the issuer - Place for payment of early redemption: Head office of the issuer - Early redemption request period: The bondholder must submit an early redemption request to the issuer from 60 days to 30 days before the early redemption payment date. However, if the end of the early redemption request period is not a business day, it is extended to the next business day. - Early redemption request procedure: A bondholder wishing to exercise the early redemption right must submit an early redemption request form (stating the requested redemption amount, bondholder details and the settlement bank for redemption, etc.) together with documents proving bondholder status to the issuer during the early redemption request period. The issuer must, within 7 days of the bondholder's early redemption request date, reply to the bondholder confirming that it will act in accordance with the content of the bondholder's early redemption request, and shall make redemption by wire transfer of the redemption amount to the bank account designated by the bondholder on the early redemption date.

[Matters concerning the buyer] Buyer name: Jun-sik Park; Relationship with the company or largest shareholder: -; Background of selection: Selected considering the investor's intent, ability to pay and timing, in order to promptly raise funds necessary for the Company's management; Transactions and plans within 6 months before and after the sale decision: -; Face value of bonds purchased (KRW): 3,000,000,000; Remarks: -