Convertible Bond Conversion Price Downward Adjustment (2,280 to 1,781 won)
Conversion price of 5th series CB lowered from 2,280 won to 1,781 won (21.9% decrease) reflecting market price decline
Resulting increase in convertible shares from 5,482,456 to 7,018,528 (approx. 28% increase in potential dilution)
Adjustment based on higher of (a) arithmetic average of 1-month, 1-week, and latest weighted average stock prices (1,780.97 won) and (b) latest day weighted average (1,754.90 won)
Minimum adjusted price floor of 1,596 won (70% of initial price) met; new price above floor
Effective date: May 5, 2026
Automatic adjustment due to market price decline; no separate board resolution