Net Profit Increased by 7.7 Billion Won Due to Accounting Error Correction, Under Listing Qualification Review Improvement Period

Correction of understated derivative liabilities: Consolidated net profit for 12th period (2024) increased by 7.7 billion won (from 22,071 to 29,809 million won), EPS raised from 739 won to 991 won
Correction for prior period (2023) expanded net loss to 5,879 million won (from 5,300 million won), loss per share to 177 won
Consolidated debt ratio improved to 181.1% from 11,212.8% in prior period, total equity 30.7 billion won (prior 6.0 billion won)
Auditor Daeju Accounting Corp. issued unqualified opinions for consolidated and separate statements, with emphasis of matter on trading suspension and management improvement period (until April 17, 2025)
Listed as subject to substantive review for listing eligibility due to change in audit opinion in April 2024, stock trading suspended
Derivative liabilities for affiliate NBG sharply decreased from 15.0 billion won to 0.24 billion won, financial guarantee liabilities from 10.2 billion won to 3.9 billion won