[Amended] Rights offering (paid-in capital increase) decision (subsidiary)

What happened

Amendment report (filing)

Amendment date: 2026-09-01

1. Disclosure document being amended: Rights offering decision (subsidiary's material management matter)

2. Filing date of the disclosure document being amended: 2026-08-24

3. Reason for amendment: finalization of the amount following completion of the debt-to-equity conversion

4. Amended items Amended item: "4. Purpose of fund-raising - Debt repayment funds (KRW)" Before amendment: 286,271,639,396 After amendment: 283,496,662,639

Amended item: "22. Other matters material to investment decisions" Before amendment: - The amount of USD 205,507,278.82 borrowed by The Avon Company from LG H&H USA, Inc. is scheduled to be converted into capital stock through a debt-to-equity conversion; no separate cash payment will occur. - The "debt repayment funds (KRW)" in "4. Purpose of fund-raising" above is USD 205,507,278.82, converted at the first-quoted trading-base exchange rate from the Seoul Money Brokerage Services on the business day immediately preceding the board resolution date (8/23/26), i.e., 8/21/26 (1 USD = KRW 1,393.00); the amount may change depending on the settlement details and exchange rate at the actual time of the debt-to-equity conversion. - The above schedule and content may change depending on future progress. After amendment: - The amount of USD 206,389,533.08 borrowed by The Avon Company from LG H&H USA, Inc. has been converted into capital stock through a debt-to-equity conversion; no separate cash payment occurred. - The "debt repayment funds (KRW)" in "4. Purpose of fund-raising" above is the finalized amount of USD 206,389,533.08, reflecting the settlement details at the actual time of the debt-to-equity conversion, converted into KRW using the first-quoted trading-base exchange rate from the Seoul Money Brokerage Services on the transaction closing date (September 1, 2026) (USD 1 = KRW 1,373.60).

- Rights offering decision (subsidiary's material management matter)

Material management matter report of subsidiary The Avon Company

1. Type and number of new shares Common shares (shares): - Class shares (shares): -

2. Par value per share (KRW): -

3. Total issued shares before the capital increase Common shares (shares): 60,000,100 Class shares (shares): -

4. Purpose of fund-raising Facility funds (KRW): - Business acquisition funds (KRW): - Working capital (KRW): - Debt repayment funds (KRW): 283,496,662,639 Funds to acquire securities of other companies (KRW): - Other funds (KRW): -

5. Capital increase method: shareholder-allocated rights offering

[For a shareholder-allocated rights offering] 6. New share issue price Confirmed issue price: common shares (KRW): - / class shares (KRW): - Expected issue price: common shares (KRW): -, expected determination date: - / class shares (KRW): -, expected determination date: -

7. Method of determining the issue price: -

8. New share allocation record date: -

9. Number of new shares allocated per share (shares): -

10. Employee stock ownership association preferential allocation ratio (%): -

11. Expected subscription dates Employee stock ownership association: start date - / end date - Existing shareholders: start date - / end date -

12. Payment date: 2026-09-01

13. Plan for handling forfeited shares: -

14. Dividend record date for new shares: -

15. Expected new share certificate delivery date: -

16. Lead manager (where not a direct offering): -

17. Whether subscription rights are transferable: not applicable

18. Board resolution date (decision date): 2026-08-23 - Outside director attendance: Present (persons): - / Absent (persons): - - Attendance of auditor (audit committee member who is not an outside director): -

19. Whether a securities registration statement must be filed: No

20. Reason for exemption from filing: as this is a shareholder-allocated rights offering by an overseas unlisted company, it is not subject to the securities registration statement filing requirement.

21. Whether subject to Fair Trade Commission reporting: No

22. Other matters material to investment decisions - This disclosure relates to a rights offering decision by The Avon Company, a subsidiary wholly owned by the Company's subsidiary LG H&H USA, Inc. - The amount of USD 206,389,533.08 borrowed by The Avon Company from LG H&H USA, Inc. has been converted into capital stock through a debt-to-equity conversion; no separate cash payment occurred. - Regarding "1. Type and number of new shares" above, since this matter proceeds without the issuance of separate new shares, the number of shares is not stated in this disclosure. - The "debt repayment funds (KRW)" in "4. Purpose of fund-raising" above is the finalized amount of USD 206,389,533.08, reflecting the settlement details at the actual time of the debt-to-equity conversion, converted into KRW using the first-quoted trading-base exchange rate from the Seoul Money Brokerage Services on the transaction closing date (September 1, 2026) (USD 1 = KRW 1,373.60). - The "18. Board resolution date (decision date)" above is The Avon Company's board resolution date. - The [Matters relating to the subsidiary] below are as of the end of 2025.

Related disclosures: 2026-08-24 Rights offering decision (subsidiary's material management matter) 2026-09-01 Decision to dispose of shares and equity securities of another company (voluntary disclosure) (subsidiary's material management matter) 2026-09-01 Decision to acquire shares and equity securities of another company (subsidiary's material management matter)

[Matters relating to the subsidiary] Subsidiary name: The Avon Company - Representative: Moon Seon-hwa - Main business: sale of cosmetics and household products - Whether a major subsidiary: not applicable Subsidiary's total assets (KRW): 263,799,475,887 Parent company's consolidated total assets (KRW): 6,869,383,558,281 Percentage of parent company's consolidated total assets: 3.8