Lunit Corrects Stock Option Grant Due to Stock Dividend

Lunit announces correction of stock option grant due to stock dividend: number of shares doubled and exercise price halved
Shares granted: 761,900 → 1,523,800; exercise price: 52,144 won → 26,072 won
Total outstanding stock options after grant: 5,553,444 shares
Beneficiaries: CEO Seo Beom-seok and 64 other executives/employees, total 1,523,800 shares
Exercise period: March 27, 2027 to March 26, 2032; vesting: 50% after 2 years, 75% after 3 years, 100% after 4 years
Fair value per share: 13,158 won (adjusted), using binomial option pricing model
Purpose: To motivate employees and enhance corporate value