Exercise of Stock Options: Issuance of New Shares (100,000 Shares at 10,000 Won)

IPO joint lead underwriters (NH Investment & Securities, Mirae Asset Securities) exercise warrants to acquire 50,000 shares each (total 100,000 new shares).
Exercise price: 10,000 won (confirmed public offering price).
Warrant exercise date: April 30, 2026; payment date: May 15, 2026; expected listing date: June 9, 2026.
This is part of standard IPO underwriting compensation under regulations.
New share issuance will dilute existing shareholders' equity.

Filing: Other Management Matters (Voluntary Disclosure) (Exercise of Warrants by Lead Underwriter)
Company: Deokyang Energen (0001A0)
Submission: Deokyang Energen Corporation
Receipt: 04-30-2026
Under KRX KOSDAQ Market Division