Conversion Price Adjustment for 111th CB Due to Stock Consolidation

Conversion price of Paper Korea's 111th unsecured private CB adjusted from 1,148 won to 5,740 won reflecting a 5:1 stock consolidation.
Number of convertible shares reduced from 89,547,038 to 17,909,407 based on total outstanding face value of 102.8 billion won.
Adjustment effective May 1, 2026 due to stock consolidation (5 shares into 1) as per the terms disclosed on July 31, 2023.
The adjustment is mechanical and does not alter the economic value of the conversion right.

Filing: Adjustment of Conversion Price, Exercise Price of Stock Subscription Rights, and Exchange Price (Notice of Disclosure)
Company: PaperCorea (001020)
Submission: PaperCorea Inc.
Receipt: 05-04-2026
Under KRX KOSPI Market Division