Rights offering: final issue price set

What happened

Rights offering: final issue price set

1. Planned issuance details a. Type of shares: registered common shares b. Number of shares: 41,000,000

2. Final issue price (per share) a. Final price (KRW): 911 b. First-round issue price (KRW): 1,064 c. Second-round issue price (KRW): 911

3. Par value (KRW): 100

4. Determination date: 2026-08-31

5. Other matters for reference in investment decisions Under Article 5-18 (Determination of the issue price for rights offerings) of the "Regulation on Issuance and Disclosure of Securities," discount rates etc. for shareholder-allocated rights offerings have been deregulated and may be freely determined; however, to avoid market disruption concerns and in line with existing practice, the Company plans to calculate the price by partially applying, mutatis mutandis, Article 57 of the former "Regulation on Issuance and Disclosure of Securities."

(1) Calculation of the first-round issue price: using the third trading day before the new share allocation record date as the base date, the base price is the lower of (i) the simple average of the one-month weighted average price, one-week weighted average price, and base-date weighted average price of the issuer's shares traded on the KOSDAQ market (by trading value and volume), and (ii) the base-date weighted average price; a 25% discount rate is applied under the formula below. However, if the resulting price is below par value, par value is used as the issue price. (Amounts below the minimum quotation unit are rounded up to the nearest quotation unit.) First-round issue price = [base price x (1 - discount rate)] / [1 + (rights ratio x discount rate)]

(2) Second-round issue price: using the third trading day before the existing shareholders' subscription date as the base date, the second-round base price is the lower of (i) the simple average of the one-week weighted average price and base-date weighted average price of the issuer's shares traded on the KOSDAQ market (by trading value and volume), and (ii) the base-date weighted average price; a 25% discount rate is applied under the formula below. However, if the resulting offering price after applying the discount rate is at or below par value, par value is used as the issue price. (Amounts below the minimum quotation unit are rounded up to the nearest quotation unit.) Second-round issue price = base price x (1 - discount rate)

(3) Final issue price: the lower of the first-round issue price and the second-round issue price. However, under Article 165-6 of the "Financial Investment Services and Capital Markets Act" and Article 5-15-2 of the "Regulation on Issuance and Disclosure of Securities," if the lower of the first-round and second-round issue prices is lower than the price calculated by applying a 40% discount rate to the weighted average price from the 3rd to the 5th trading day before the subscription date (as the base price), the price calculated by applying a 40% discount rate to that weighted average price shall be the final issue price. (Amounts below the minimum quotation unit are rounded up to the nearest quotation unit.)

Related disclosures: 2026-07-20 Rights offering decision (shareholder allocation with general public offering of forfeited shares) 2026-07-20 First-round issue price determination for rights offering