Nexa Dynamics Amends CB Terms, Potential Dilution Soars to 65%

Convertible bond issuance amount reduced from KRW 3.0B to KRW 1.51B (operating funds)
Conversion price raised from KRW 1,303 to KRW 1,367; new conversion shares decreased from 2,302,379 to 1,104,608 (3.59% of total shares)
Additional existing CBs (4CB: KRW 4.5B, 5CB: KRW 8.5B) disclosed, bringing total outstanding CBs to KRW 28.1B with 18,208,120 convertible shares
Total potential conversion shares including new CB: 19,312,728, dilution ratio 65.03% of issued shares (vs. previous 36.38%)
Put option yield reduced from 7.0% to 5.0%
Issuance target changed from UP1 Investment Association to BS Partners Co., Ltd.; payment date moved to 2026.05.08, maturity to 2029.05.08

Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
Company: Nexa Dynamics (351320)
Submission: Nexa Dynamics Co., Ltd.
Receipt: 04-30-2026