Adjustment of Exercise Price and Shares for 6th Series BW Due to 5:1 Reverse Stock Split, No Impact on Shareholder Value

Fine DNC adjusted the exercise price of its 6th series BW from KRW 904 to KRW 4,520, effective April 15, 2026
This adjustment reflects a 5:1 reverse stock split (face value from KRW 500 to KRW 2,500) to maintain the warrant holders' economic value equivalent to pre-merger levels
Exercisable shares decreased from 1,227,876 to 245,575, but total outstanding shares also reduced proportionally, resulting in no dilution or value change for existing shareholders
[AI Summary]This disclosure is a mechanical contractual adjustment due to a reverse stock split, involving no new capital raising or shareholder value impact. It is neutral and does not affect stock price outlook or investment risks