Conversion Price Adjustment for CB (Market Decline)
Conversion price of 3rd unlisted CB lowered from 8,509 won to 7,165 won (adjustment rate: 15.8%)
Based on outstanding balance of 30 billion won, convertible shares increased from 3,525,678 to 4,187,020
Reason: contractual adjustment due to market price decline (based on higher of arithmetic average of 1-month, 1-week, and latest day VWAP, and latest day VWAP)
Minimum adjustment floor: 5,957 won (70% of issue price); final price rounded up to nearest won
Effective date: 2026-04-08; automatic adjustment without board resolution
KOSDAQ Filing Information
Filing: Adjustment of Conversion Price (3rd Tranche)