Correction of Stock Option Grant: Exercise Price Halved and Shares Doubled Due to 1:1 Stock Dividend

Due to a 1:1 stock dividend, the number of stock option shares granted increased from 595,000 to 1,190,000, and the exercise price was adjusted from 21,500 won to 10,750 won.
Granted to registered executive Seo Beom-seok (300,000 shares), unregistered executive Kim Ki-hwan (150,000 shares), and 19 others.
Total outstanding stock options after this grant increased from 2,313,672 to 5,553,444 common shares.
Exercise period: Group 1 (850,000 shares) from Mar 30, 2027 to Mar 29, 2030; Group 2 (340,000 shares) from Mar 30, 2025 to Mar 29, 2030, with graded vesting.
Fair value calculated using binomial model (6,059 won/share), exercise price 10,750 won, expected life 7 years, risk-free rate 3.25%, expected volatility 59.06%.