NAMSUNG Corrects Treasury Stock Disposal Report Due to Stock Split; Conversion Price Adjusted Upwards Limiting Dilution Risk

NAMSUNG corrected its treasury stock disposal result report related to the 33rd private exchangeable bonds issued on December 29, 2025.
The correction was due to a 10-to-1 stock split, adjusting the number of disposed shares from 2,623,906 to 262,390 and the disposal price per share from 1,029 KRW to 10,290 KRW, while the total disposal amount remained at 2.7 billion KRW.
The conversion price of 10,290 KRW significantly exceeds the current stock price of 753 KRW, making conversion unlikely and limiting shareholder dilution.
After the disposal, NAMSUNG holds 226,577 treasury shares, representing 6.26% of total outstanding shares.
[AI Summary]NAMSUNG's treasury stock disposal for exchangeable bond conversion is a simple correction due to stock split, with low conversion probability given the premium conversion price, resulting in minimal dilution risk. The purpose of the bond issuance is not disclosed, so the efficiency of capital use remains unassessed.