Decision to redeem own exchangeable bonds early

What happened

ESTsoft Corp. / Decision to acquire own exchangeable bonds before maturity (4th series)

Decision to Acquire Own Exchangeable Bonds Before Maturity 1. Type of bonds: Series 4; Type: Unregistered, unsecured, privately placed exchangeable bonds 2. Bond issue date: 2025-09-09 3. Bond issuance method: Private placement 4. Bond maturity date: 2030-09-09 5. Total face (electronically registered) value of the bonds (KRW): 6,000,000,000 6. Face (electronically registered) value of bonds subject to acquisition (KRW): 6,000,000,000 7. Acquisition decision date: 2026-08-20 8. Acquisition amount: Amount (KRW) 6,000,000,000; Basis of calculation - the acquisition amount is the face value, and no separate interest is paid; Payment (scheduled) date 2026-08-20; Source of acquisition funds - own funds 9. Acquisition method: Over-the-counter purchase 10. Reason for acquisition before maturity: Purchase by agreement with the bondholders 11. Future handling plan: Cancellation 12. Matters concerning exchange: Exchange ratio (%) 8.06; Exchange price as of the report date (KRW/share) 2,759; Type of shares subject to exchange - ESTAID Corp. registered common shares; Number of shares 2,174,700; Ratio to total shares outstanding (%) 8.06; Exchange request period Start date 2025-09-10, End date 2030-08-09 13. Remaining face (electronically registered) value of the bonds after acquisition (KRW): 0 14. Whether subject to filing with the Fair Trade Commission: Not applicable 15. Other matters for reference in investment decisions 1. The "Amount (KRW)" under "8. Acquisition amount" above is the actual amount paid in consideration for acquiring the bonds, and no separate interest is paid. 2. The "7. Acquisition decision date" and "8. Acquisition amount - Payment (scheduled) date" above are the bond acquisition date. 3. As a result of this matter, the exchangeable bonds will be cancelled, and the 2,174,700 shares subject to exchange held in deposit with the Korea Securities Depository will revert to the Company.

[Matters concerning the sellers] Seller name: NH Investment & Securities Co., Ltd. (in its capacity as Orion Luxury KOSDAQ Venture General Private Placement Trust No. 116 (profit-and-loss-tiered), Orion Luxury KOSDAQ Venture General Private Placement Trust No. 117, and Paros Multi General Private Placement Trust No. 3); Relationship with the company or largest shareholder: -; Background of selection: -; Transactions and plans within 6 months before and after the acquisition decision: -; Face value of bonds sold (KRW): 3,400,000,000; Remarks: -

Seller name: Synergy IB Shared-Growth Innovation New Technology Investment Association; Relationship with the company or largest shareholder: -; Background of selection: -; Transactions and plans within 6 months before and after the acquisition decision: -; Face value of bonds sold (KRW): 1,500,000,000; Remarks: -

Seller name: Samsung Securities Co., Ltd. (in its capacity as Orion Luxury KOSDAQ Venture General Private Placement Trust No. 108); Relationship with the company or largest shareholder: -; Background of selection: -; Transactions and plans within 6 months before and after the acquisition decision: -; Face value of bonds sold (KRW): 1,100,000,000; Remarks: -

* Where a seller is the issuer's largest shareholder or a related party thereof, "[Where the sellers include the company's largest shareholder or a related party thereof]" is additionally stated. In addition, where a seller is a corporation, investment association or other entity, "[Where the sellers include a corporation or other entity]" is additionally stated (except where an entity subject to external audit does not become the issuer's largest shareholder through exercise of rights under the bonds).