[Amended] Merger decision (subsidiary)

What happened

Metalabs / Merger decision (subsidiary's material management matter) / (2026.08.28) Merger decision (subsidiary's material management matter) Amendment report (filing) Amendment date: 2026-08-28 1. Disclosure document being amended: Merger decision (subsidiary's material management matter) 2. Filing date of the disclosure document being amended: 2026.08.03 3. Reason for amendment: Change of the merger effective date 4. Amendment details Amended item: 8. Merger schedule - creditor objection period - end date: Before amendment 2026-10-06; After amendment 2026-10-31 Amended item: 8. Merger schedule - merger effective date: Before amendment 2026-10-07; After amendment 2026-11-01 Amended item: 8. Merger schedule - expected merger registration date: Before amendment 2026-10-07; After amendment 2026-11-02

Merger decision (subsidiary's material management matter) Report on a material management matter of the subsidiary Meta S&C Co., Ltd.

1. Merger method: Metalabs Co., Ltd. absorbs Meta S&C Co., Ltd. (small-scale merger) - Surviving company: Metalabs Co., Ltd. - Dissolved company: Meta S&C Co., Ltd. 2. Purpose of the merger: To strengthen corporate competitiveness and increase management efficiency 3. Merger ratio: 0.0000000 4. Basis for calculating the merger ratio: Metalabs Co., Ltd. (the surviving company) owns 100% of the shares of Meta S&C Co., Ltd. (the dissolved company), and because no merger-consideration new shares will be issued for the dissolved company's shares in the merger, the merger ratio was calculated as 1.0000000 : 0.0000000. - Corporate value: Surviving company -; Dissolved company - 5. Type and number of merger-consideration new shares (shares): Common stock -; Class shares - 6. Merger counterparty company Company name: Metalabs Co., Ltd. Main business: Wholesale and retail of apparel and accessories, management consulting Relationship with the Company: Parent company Financial details for the most recent fiscal year (KRW millions): Total assets 93,465; Capital stock 62,261; Total liabilities 20,000; Revenue 45,149; Total equity 73,465; Net income (loss) -5,979 7. Newly established merger company Company name: - Financial details at establishment (KRW millions): Total assets -; Total liabilities -; Total equity -; Capital stock - Revenue of the new business segment for the most recent fiscal year as of the current basis (KRW millions): - Main business: - 8. Merger schedule Expected general meeting date: - Period for submission of old share certificates: start date -, end date - Creditor objection period: start date 2026-09-03, end date 2026-10-31 Merger effective date: 2026-11-01 Expected merger registration date: 2026-11-02 Expected date of delivery of new share certificates: - 9. Matters concerning appraisal (share purchase) rights As this proceeds under the small-scale merger procedure of Article 527-3 of the Commercial Act, appraisal rights are not recognized for shareholders of Metalabs Co., Ltd. 10. Board resolution date (decision date): 2026-08-03; outside director attendance - present (persons) -, absent (persons) -; auditor (audit committee member other than an outside director) attendance - present 11. Future plans concerning corporate restructuring As of the filing date of this report, there are no finalized matters regarding corporate restructuring that Metalabs Co., Ltd. is pursuing or planning following completion of this merger. 12. Other important matters for investors' reference 1) Because this merger proceeds as a small-scale merger under Article 527-3 of the Commercial Act, appraisal rights are not recognized for shareholders of Metalabs Co., Ltd., and general-meeting approval of the merger is substituted by board approval. However, if a shareholder holding 20% or more of the total issued shares of Metalabs Co., Ltd. gives written notice of objection to the merger within two weeks from the date of the merger public notice, this merger cannot proceed as a small-scale merger. 2) Because this merger, under the proviso of Article 176-5, Paragraph 8, Item 2(b) of the Enforcement Decree of the Financial Investment Services and Capital Markets Act (excluding external appraisal of the fairness of the merger value where a company that owns the entire issued shares of another company merges that other company without issuing new shares), is not subject to an external appraisal institution's valuation, the description under "4. Basis for calculating the merger ratio - corporate value" above has been omitted. 3) "6. Merger counterparty company - financial details for the most recent fiscal year" above is based on the separate financial statements as of the end of 2025. 4) The "8. Merger schedule" above is the expected schedule as of the filing date, and may change due to relevant statutory permits and approvals, consultation with relevant authorities, and other circumstances. 5) "8. Merger schedule - completion-report general meeting date" above will be substituted by a board resolution and public-notice procedure pursuant to Article 526, Paragraph 3 of the Commercial Act.

Related disclosures 2026-08-03 Merger decision Applicable disclosure regulation: Financial Investment Services and Capital Markets Act

[Matters concerning the subsidiary] Subsidiary name: Meta S&C Co., Ltd. (English: META S&C CO., Ltd) - Representative: Lee Chang-ho - Main business: CRM and real estate leasing - Whether a major subsidiary: Applicable Total assets of the subsidiary (KRW): 47,099,304,234 Total consolidated assets of the parent company (KRW): 249,950,205,951 Ratio to the parent company's total consolidated assets (%): 18.84