Decision to redeem own exchangeable bonds early

What happened

Welcron / Decision to Redeem Own Exchangeable Bonds Before Maturity / (2026.09.29) Decision to Redeem Own Exchangeable Bonds Before Maturity (Series 11)

Decision to Acquire Own Exchangeable Bonds Before Maturity

1. Type of bond: Series 11, unregistered, unsecured, private-placement exchangeable bonds 2. Bond issuance date: 2025-09-29 3. Bond issuance method: Private placement 4. Bond maturity date: 2028-09-29 5. Total face value (electronically registered) (KRW): 2,295,524,511 6. Face value (electronically registered) of bonds subject to acquisition (KRW): 2,295,524,511 7. Acquisition decision date: 2026-09-29 8. Acquisition amount Amount (KRW): 2,295,524,511 Basis for calculation: The bond acquisition amount is the face value; no separate interest is paid. (Expected) payment date: 2026-09-29 Source of acquisition funds: Own funds

9. Acquisition method: Over-the-counter purchase 10. Reason for acquisition before maturity: Acquisition pursuant to exercise of early redemption request right (put option) 11. Future handling plan: The bonds will be acquired and then retired (registration cancelled) 12. Exchange details Exchange ratio (%): 100 Exchange price as of report date (KRW/share): 2,331 Type of shares subject to exchange: Welcron Co., Ltd. registered common shares Number of shares: 984,781 Ratio to total shares outstanding (%): 3.49 Exchange request period: Start date 2025-09-30; End date 2028-08-29

13. Remaining face value (electronically registered) of bonds after acquisition (KRW): 0 14. Whether subject to Fair Trade Commission reporting: Not applicable 15. Other matters material to investment decisions - The amount in "8. Acquisition amount - Amount (KRW)" above is the actual amount paid in consideration for acquiring the bonds; no separate interest is paid. - "7. Acquisition decision date" and "8. Acquisition amount - (expected) payment date" above are the bond acquisition date. - As a result of this matter, following retirement of the exchangeable bonds, the 984,781 shares subject to exchange held in deposit with the Korea Securities Depository are expected to be returned to the company.

[Matters Concerning the Sellers] Seller: Kyobo Hyundai Mezzanine No. 1 Private Investment Limited Partnership; Relationship with the company or largest shareholder: -; Basis for selection: Selected considering the investor's payment capacity and timing, etc., for the purpose of raising funds necessary for the company's management objectives; Transaction history and plans within 6 months before/after the acquisition decision: -; Face value of bonds sold (KRW): 1,500,000,000; Note: -

Seller: NH Investment & Securities Co., Ltd. (in its capacity as trustee of Fund 1 in this matter); Relationship: -; Basis for selection: same as above; Face value of bonds sold (KRW): 500,000,000; Note: -

Seller: KB Securities Co., Ltd. (in its capacity as trustee of Fund 2 in this matter); Relationship: -; Basis for selection: same as above; Face value of bonds sold (KRW): 295,524,511; Note: -

* If a seller is the largest shareholder of the issuing company or a related party thereof, the section [Where the Sellers Include the Company's Largest Shareholder or a Related Party] shall additionally be stated. In addition, if any seller is a corporation or an investment association or other organization, the section [Where the Sellers Include a Corporation or Organization] shall additionally be stated (except where, as a company subject to external audit, the exercise of rights granted under the relevant bond would not result in the seller becoming the largest shareholder of the issuing company).