[Amended] Business transfer (sale) decision (voluntary) (subsidiary)

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Jeju Air Co., Ltd. / Business transfer decision (voluntary disclosure) (subsidiary's material management matter)

Amendment Report Amendment date: 2026-08-20

1. Disclosure document subject to amendment: Business transfer decision (voluntary disclosure) (subsidiary's material management matter) 2. Filing date of the disclosure document subject to amendment: 2026-06-30 3. Reason for amendment: Change of the scheduled transaction closing date and the transferee's trade name by agreement between the parties 4. Amendments Item 5. Scheduled transfer date, Before: 2026-09-30. After: 2026-08-20. Item 6. Transferee, Before: Mapo AK Town Co., Ltd. After: AK Town Co., Ltd.

Business Transfer Decision (Voluntary Disclosure) (Subsidiary's Material Management Matter) Material management matter report of subsidiary Pacific Private Real Estate Investment LLC No. 3

1. Business transferred: Pacific Private Real Estate Investment LLC No. 3's hotel business 2. Principal content of the business transferred: Assets, contracts and rights relating to the hotel business of Pacific Private Real Estate Investment LLC No. 3 3. Transfer amount (KRW): 54,000,000,000 4. Purpose of transfer: Improving business operating efficiency and restructuring the business 5. Scheduled transfer date: 2026-08-20 6. Transferee: AK Town Co., Ltd.; Relationship with the company - Affiliated company 7. Effect of the business transfer: Securing cash liquidity and increasing management efficiency 8. Matters concerning appraisal rights: - 9. Scheduled date of general shareholders' meeting: 2026-05-13 10. Board resolution date (decision date): 2026-05-13; Outside directors in attendance: Present -, Absent -; Statutory auditor (audit committee member who is not an outside director) in attendance: - 11. Whether subject to filing with the Fair Trade Commission: Applicable 12. Future plans for corporate restructuring: Following completion of this business transfer, subsequent procedures for recovering the investment and winding up operations will be carried out in stages. 13. Other material matters relevant to investment decisions - This disclosure concerns the decision by Jeju Air Co., Ltd.'s subsidiary, Pacific Private Real Estate Investment LLC No. 3, to transfer its business. - The "3. Transfer amount" above may change due to changes in the assets and liabilities to be transferred and agreements between the parties. - The "5. Scheduled transfer date" above is the closing date under the business transfer agreement; the actual closing date may change in the course of the transaction, including satisfaction of conditions precedent. - The above content and schedule may change depending on agreements between the parties, consultation with and approval from relevant institutions, and relevant laws. - As the subsidiary, Pacific Private Real Estate Investment LLC No. 3, is a limited liability company without a board of directors, "9. Scheduled date of general shareholders' meeting" above is the date of the subsidiary's members' meeting resolution, and "10. Board resolution date (decision date)" is the subsidiary's manager's decision date. - The subsidiary's total assets below are based on the 2025 year-end audit report, and the parent company's consolidated total assets are based on the consolidated financial statements in the 2025 year-end business report.

Related disclosures: 2026-06-30 Business transfer decision (voluntary disclosure) (subsidiary's material management matter); 2026-05-13 Business transfer decision (voluntary disclosure) (subsidiary's material management matter)

[Matters concerning the subsidiary] Subsidiary name: Pacific Private Real Estate Investment LLC No. 3 (English: PACIFIC Private Real Estate Investment LLC for General Private Placement No.3) Representative: Pacific Asset Management Co., Ltd. Principal business: Real estate leasing, etc. Whether a major subsidiary: Not applicable Subsidiary's total assets (KRW): 62,711,478,159 Parent company's consolidated total assets (KRW): 2,350,990,417,659 Ratio to parent company's consolidated total assets (%): 2.67