Early redemption of convertible bonds (incl. overseas CBs)

What happened

Nibec / Early redemption of convertible bonds (incl. overseas CBs) / (2026.08.24) Early redemption of convertible bonds (incl. overseas CBs) before maturity

Early Redemption of Convertible Bonds (incl. Overseas CBs) Before Maturity Convertible Bonds (incl. Overseas CBs), Series 8

1. Details of the bonds acquired before maturity Type of bonds: Unregistered, interest-bearing, unsecured, privately placed convertible bonds Date of issuance: 2022-11-22 Issuance method: Domestic issuance (private placement) Conversion price per share (KRW): 21,175 Maturity date: 2027-11-22

2. Bond acquisition amount (currency unit): 44,204,774 KRW: South-Korean Won - Total face (electronically registered) amount of bonds acquired (currency unit): 39,517,875 KRW: South-Korean Won - Applicable exchange rate: not applicable - Acquisition date: 2026-08-24

3. Total face (electronically registered) amount of bonds outstanding after acquisition (currency unit): 272,718,005 KRW: South-Korean Won

4. Reason for acquisition before maturity and future treatment - Reason: Bondholder's exercise of the early-redemption (put) option (under the Series 8 convertible-bond issuance of November 22, 2022) - Treatment: Retired after acquisition

5. Source of acquisition funds: Own funds

6. Method of acquiring the bonds: Off-exchange purchase

7. Other matters material to investment decisions - An early-redemption rate of 111.8602% was applied. - The above acquisition date is the date the purchase price was paid. - These convertible bonds are the Series 8 bonds issued on November 22, 2022.

* Related disclosures 2022-11-22 Results of securities issuance (voluntary disclosure) 2024-11-22 Adjustment of conversion price 2025-05-22 Adjustment of conversion price