Material event report (decision to redeem own convertible bonds early)

A later amendment corrects this filing, so the terms on this page may be out of date. See the latest version (2026-09-17) →

What happened

Material Event Report (Decision to Redeem Own Convertible Bonds Prior to Maturity) 6.0 Secern AI Co., Ltd. Material Event Report / Matter Subject to Exchange Reporting Obligation To the Financial Services Commission / Korea Exchange August 31, 2026

Company name: Secern AI Co., Ltd. CEO: Nam Woon-seong Head office address: 12 Teheran-ro 22-gil, Gangnam-gu, Seoul (Phone) 02-6277-7810 (Website) http://secern.ai Preparer: (Title) Group Head (Name) Kwon Ryan (Phone) 02-6277-7810

Decision to Redeem Own Convertible Bonds Prior to Maturity

1. Type of bonds: Series 5; Type: Convertible bonds 2. Bond issue date: 2025-09-29 3. Method of bond issuance: Private placement 4. Bond maturity date: 2029-09-29 5. Total face value (electronically registered amount) of the bonds (KRW): 5,000,000,000 6. Face value (electronically registered amount) of the bonds to be acquired (KRW): 1,000,000,000 7. Date of acquisition decision: 2026-08-31 8. Acquisition amount: Amount (KRW) 1,050,945,000; Basis of calculation: Principal and interest payment date 2026-09-29; Source of acquisition funds: Own funds 9. Method of acquisition: Over-the-counter purchase 10. Reason for acquisition prior to maturity: Exercise of the bondholder's early redemption request right (put option) 11. Future handling plan: To be decided by the board of directors 12. Matters concerning conversion: Conversion ratio (%) 100; Conversion price as of the reporting date (KRW/share) 3,044; Type of shares to be issued upon conversion: Registered common shares; Number of shares: 328,515; Ratio to total shares outstanding (%): 2.3; Conversion request period: Start date 2026-09-29 / End date 2029-08-29 13. Remaining face value (electronically registered amount) of the bonds after acquisition (KRW): 4,000,000,000 14. Whether subject to reporting to the Fair Trade Commission: Not applicable 15. Other matters for reference in investment decisions 1) The above "7. Date of acquisition decision" is the date of the board resolution for the acquisition of these bonds. 2) The interest portion of the basis of calculation in "8. Acquisition amount" above was determined, through consultation with the bondholder, by calculating a guaranteed yield to maturity (quarterly compounding, 5.00% per annum) on the bonds' face value from the bond issue date; the payment date for "8. Acquisition amount" is the date the acquisition is completed. 3) As for "11. Future handling plan," no specific handling plan has been separately discussed since the acquisition of these bonds prior to maturity; the final decision will be made through a future board resolution. 4) The ratio in "12. Matters concerning conversion" was calculated as [number of voting shares expected to be issued / (number of voting shares outstanding with voting rights as of the acquisition date + number of voting shares expected to be issued)]. Note (repeated): The above "7. Date of acquisition decision" is the date of the board resolution for the acquisition of these bonds.

[Matters Concerning the Seller] Seller name / Relationship with the Company or largest shareholder / Basis of selection / Transactions and plans within 6 months before and after the acquisition decision / Face value of the sold bonds (KRW) / Remarks - / - / - / - / - / -