HLB innoVation

024850 · KOSDAQ · Information Technology · SMALL CAP

Completion report on merger, etc. (asset transfer)

HLB innoVation reports completion, on 2026-09-04, of its acquisition of 34,227,742 HLB Cell common shares (99.3% stake) from HLB Life Science Co., Ltd. for US$26.7M, with the US$26M balance paid on the closing date following an earlier US$738K down payment.

M&A(Completion report on merger, etc. (asset transfer))· FILED 2026-09-04· RCEPT 20260904000328

What happened

Completion Report on Merger, Etc. (Asset Transfer) 6.0 HLB Innovation Co., Ltd. To the Governor of the Financial Supervisory Service September 4, 2026

Company name: HLB Innovation Co., Ltd. Representative Directors: Jin Yang-gon, Bryan Byongjin Kim Head office address: 16 Baran-gongdanro 4-gil, Hyangnam-eup, Mansegu, Hwaseong-si, Gyeonggi-do (Phone) 031-522-3700 (Website) www.hlbinnovation.com Preparer in charge: (Title) President (Name) Kim Bum-soo (Phone) 031-522-3700

I. Schedule This completion report relates to the material event report (decision to acquire equity and capital contribution securities of another company) filed on August 26, 2026. The company reports that, as of September 4, 2026, the share acquisition and payment of the purchase price were completed and the transaction has concluded.

1. Asset acquisition details Issuer: HLB Cell Type of shares: Common shares Transferor: HLB Life Science Co., Ltd. Assets acquired: 34,227,742 HLB Cell common shares (99.3% ownership ratio) Transferee: HLB Innovation Co., Ltd. Acquisition amount: KRW 36,247,178,778

2. Progress and schedule of the asset acquisition External valuation period: August 18, 2026 - August 24, 2026 (Samdo Accounting Corporation) Board resolution date: August 26, 2026 Material event report filing date: August 26, 2026 Share receipt date / transaction closing date: September 4, 2026 (acquisition completed)

3. Method of payment of the asset acquisition price Date: August 26, 2026; Amount paid (KRW): 1,000,000,000; Method: Cash payment (down payment) Date: September 4, 2026; Amount paid (KRW): 35,247,178,778; Method: Cash payment (balance)

II. Changes in Ownership of Major Shareholders, Etc. -- Not applicable III. Exercise of Appraisal Rights -- Not applicable IV. Matters Relating to Creditor Protection -- Not applicable V. Status of Related Litigation -- Not applicable VI. Matters Relating to New Share Allotment, Etc. -- Not applicable

VII. Summary Financial Information Before and After the Merger, Etc. (Unit: KRW) Category: Before acquisition / Increase (decrease) / After acquisition Current assets: 47,332,040,164 / 1,185,348,958 / 48,517,389,122 Non-current assets: 221,418,004,888 / 3,441,546,136 / 224,859,551,024 Total assets: 268,750,045,052 / 4,626,895,094 / 273,376,940,146 Current liabilities: 46,170,446,207 / 4,321,912,500 / 50,492,358,707 Non-current liabilities: 1,259,341,893 / 304,982,594 / 1,564,324,487 Total liabilities: 47,429,788,100 / 4,626,895,094 / 52,056,683,194 Capital stock: 72,268,056,000 / - / 72,268,056,000 Capital surplus: 109,266,872,663 / - / 109,266,872,663 Other components of equity: 2,611,575,057 / - / 2,611,575,057 Accumulated other comprehensive income: 9,925,775,818 / - / 9,925,775,818 Retained earnings: 16,429,418,861 / - / 16,429,418,861 Non-controlling interests: 10,818,558,553 / - / 10,818,558,553 Total equity: 221,320,256,952 / - / 221,320,256,952 Total liabilities and equity: 268,750,045,052 / 4,626,895,094 / 273,376,940,146

(Note 1) The "before acquisition" summary financial information above is based on the consolidated financial statements in the 2025 audit report. (Note 2) The "after acquisition" summary financial information above reflects only a simple addition/subtraction of the amount related to this asset acquisition, so it may differ from the actual statement of financial position to be prepared as of the actual asset-acquisition date (September 4, 2026), depending on the results of the external auditor's audit (review).

Filed2026-09-04, Completion report on merger, etc. (asset transfer)
SourceDART rcept 20260904000328 → open original filing

Source: DART. Information only, not investment advice.

For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-09-04 (KST). · Converted at 1 USD ≈ ₩1,325 (rate of 2026-10-21).