CrowdWorks

355390 · KOSDAQ · Information Technology · SMALL CAP

Other material management matter

CrowdWorks withdrew, on August 21, 2026, its December 16, 2025 decision to issue 1,754,385 new shares (US$5.75M) via third-party allotment to Biopolymer Co., Ltd. at US$3.28 per share, after confirming Biopolymer had been deemed dissolved under the Commercial Act and could not pay in, and after failing to find a substitute subscriber able to pay the full amount.

Capital raise(Other material management matter)· FILED 2026-08-21· RCEPT 20260821900504

What happened

Other material management matter

1. Reason for submission: Withdrawal of the third-party allotment rights offering decision

2. Main details 1. Overview: The Company resolved a third-party allotment rights offering by board resolution dated 2025.12.16, disclosed it accordingly, and filed an amendment dated 2026.02.27; the Company hereby withdraws that decision as follows. 2. Details of the withdrawal 1) Type and number of new shares: 1,754,385 common shares 2) Expected issuance amount: KRW 7,999,995,600 3) Method of capital increase: Third-party allotment 4) Initial payment date: March 3, 2026 5) Final payment date: September 2, 2026 6) New share issue price (final): KRW 4,560 7) Purpose of financing: Working capital, funds to acquire securities of another company 8) Initial board resolution date: December 16, 2025 (last amended February 27, 2026) 9) Third-party allottee and allotted shares: Biopolymer Co., Ltd., 1,754,385 shares

3. Reason for withdrawal: After confirming that the existing allottee Biopolymer Co., Ltd. was deemed dissolved under Article 520-2, Paragraph 1 of the Commercial Act, the Company checked whether that company was actually operating and able to pay in, but ultimately determined that payment was not possible. The Company sought to select a substitute payer, but as it could not find a payer capable of paying the full amount of the disclosed rights-offering proceeds, it decided to withdraw this rights offering.

3. Date of decision (occurrence): 2026-08-21

4. Other matters for reference in investment decisions: -

Filed2026-08-21, Other material management matter
SourceDART rcept 20260821900504 → open original filing

Source: DART. Information only, not investment advice.

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Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-08-21 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).