Going Private at 16,000 KRW per Share via Share Exchange

Approval of comprehensive share exchange with BCPE EABD Co., Ltd. - all common shares exchanged for 16,000 KRW per share cash, followed by delisting
Objectives: unified decision-making, reduction of disclosure/audit/IR costs, business confidentiality, providing liquidity to minority shareholders at a reasonable price
Shareholders' meeting on May 12, 2026; share exchange date expected June 15, 2026
Appraisal rights: opposition period April 20 - May 11, exercise period May 12 - June 1, payment expected June 12, 2026
Unanimously approved by board and special committee (all outside directors in favor)
No direct impact on financials or operations; expected improvement in management efficiency