Completion report on merger, etc. (merger)

What happened

Completion Report on Merger, etc. (Merger) KR Motors Co., Ltd. To the Governor of the Financial Supervisory Service September 30, 2026

Company name: KR Motors Co., Ltd. CEO: Jung Jae-kyung Head office: 28 Wanam-ro, Seongsan-gu, Changwon-si, Gyeongsangnam-do (77 Seongsan-dong) Tel: 0555-282-7011 Website: http://www.krmotors.com Preparer: Vice President Han Chang-su, Tel 055-269-7301

I. Schedule Board resolution approving merger agreement: July 27, 2026 Merger agreement execution: July 29, 2026 Record date for determining dissenting shareholders: August 11, 2026 Period for receiving merger objections (KR Motors): August 11, 2026 - August 25, 2026 Board resolution in lieu of shareholders' meeting for merger approval (Dynamac, KR Trading): August 26, 2026 Shareholders' meeting resolution for merger approval: August 26, 2026 Creditor objection period: August 27, 2026 - September 29, 2026 Public notice for submission of old share certificates (Dynamac, KR Trading): August 27, 2026 - September 29, 2026 Merger effective date: September 30, 2026 Board resolution in lieu of shareholders' meeting for merger completion report: September 30, 2026 Expected date of merger registration application: October 1, 2026

Note 1) This merger is a small-scale merger under Article 527-3 of the Commercial Act, so appraisal rights are not recognized; merger approval was replaced by board approval. Note 2) The merger completion report meeting was replaced by a public notice procedure pursuant to a board resolution under Article 526 of the Commercial Act; the notice was posted on the company's website. Note 3) The expected merger registration date is the date of application for merger registration and may change.

II. Changes in major shareholders' equity stake KR Motors Co., Ltd., the surviving company, holds 100% of the equity of Dynamac Co., Ltd. and KR Trading Co., Ltd., the dissolved companies. Since the merger ratio is 1:0:0 and no new merger shares are issued (merger without capital increase), there is no change in the equity stakes of major shareholders, etc. after this merger.

III. Exercise of appraisal rights Shareholders of KR Motors, the surviving company after the merger, are not granted appraisal rights because the merger proceeds under the small-scale merger procedure pursuant to Article 527-3 of the Commercial Act.

IV. Creditor protection matters KR Motors Co., Ltd. (surviving company) and Dynamac Co., Ltd. and KR Trading Co., Ltd. (dissolved companies) published a public notice for creditor objections on August 27, 2026, and no creditors raised objections by the expiration of the objection period on September 29, 2026. In addition, no decision has been made to repay debts or provide significant collateral in connection with this matter.

V. Status of related litigation As of the date of this report, there is no litigation that could affect the validity of this merger.

VI. Matters concerning allotment of new shares, etc. Since KR Motors owns 100% of the shares of Dynamac and KR Trading, this merger is conducted as a merger without capital increase (merger ratio KR Motors : KR Trading : Dynamac = 1:0:0), and accordingly there are no new shares issued as a result of the merger.

VII. Summary financial information before and after the merger (Unit: KRW million)

Current assets: KR Motors (pre-merger) 7,708; KR Trading 788; Dynamac 37,727; KR Motors (post-merger) 45,152 Non-current assets held for sale: KR Motors (pre-merger) -; KR Trading -; Dynamac 4,395; KR Motors (post-merger) 4,395 Non-current assets: KR Motors (pre-merger) 94,387; KR Trading 3; Dynamac 42,857; KR Motors (post-merger) 120,232 Total assets: KR Motors (pre-merger) 102,095; KR Trading 791; Dynamac 84,979; KR Motors (post-merger) 169,779

Current liabilities: KR Motors (pre-merger) 40,755; KR Trading 607; Dynamac 14,747; KR Motors (post-merger) 55,233 Non-current liabilities held for sale: KR Motors (pre-merger) -; KR Trading -; Dynamac 1,899; KR Motors (post-merger) 1,899 Non-current liabilities: KR Motors (pre-merger) 19,892; KR Trading -; Dynamac 20,224; KR Motors (post-merger) 40,113 Total liabilities: KR Motors (pre-merger) 60,647; KR Trading 607; Dynamac 36,870; KR Motors (post-merger) 97,245

Capital stock: KR Motors (pre-merger) 43,188; KR Trading 10; Dynamac 15,000; KR Motors (post-merger) 43,188 Capital surplus: KR Motors (pre-merger) 15,877; KR Trading -; Dynamac 11,487; KR Motors (post-merger) 14,956 Other capital items: KR Motors (pre-merger) (7,540); KR Trading -; Dynamac -; KR Motors (post-merger) (7,540) Accumulated other comprehensive income: KR Motors (pre-merger) 23,494; KR Trading -; Dynamac 7,715; KR Motors (post-merger) 23,494 Retained earnings (accumulated deficit): KR Motors (pre-merger) (33,571); KR Trading 174; Dynamac 13,907; KR Motors (post-merger) (1,564) Total equity: KR Motors (pre-merger) 41,448; KR Trading 184; Dynamac 48,109; KR Motors (post-merger) 72,534 Total liabilities and equity: KR Motors (pre-merger) 102,095; KR Trading 791; Dynamac 84,979; KR Motors (post-merger) 169,779

Note 1) The above summary financial information was prepared as of June 30, 2026, and may differ from the statement of financial position as of the merger effective date of September 30, 2026.