Conversion Exercise of CB Results in 1.19% Dilution, Listing Date Adjusted to Apr 27; Neutral Impact as Conversion Price Aligns with Market

Correction filing: Listing date for conversion of 1st series CB changed from Apr 20 to Apr 27, 2026 due to agency schedule
Conversion details: KRW 2B out of total KRW 20B CB exercised, issuing 211,014 shares at conversion price KRW 9,478
Dilution: 1.19% dilution relative to existing shares (17,752,276); remaining unconverted balance of KRW 18B (conversion price KRW 9,478) implies potential future dilution
Price impact: Current price KRW 9,470 near conversion price KRW 9,478, limiting conversion incentive; dilution is modest
[AI Summary]The conversion exercise results in a minor dilution of 1.19%, but the conversion price is aligned with the market price, limiting shareholder value erosion. The remaining KRW 18B unconverted CB poses potential future dilution, but immediate price impact is constrained