Hugel Grants Stock Options to Employees (0.25% of Outstanding Shares)

Board resolved to grant stock options to employees for approximately 30,760 shares (0.25% of total outstanding shares)
Exercise price set higher than the arithmetic average of weighted average prices over 2 months, 1 month, and 1 week prior to grant date
Vesting condition: must be continuously employed for at least 2 years from grant date
Settlement methods: new shares issuance, treasury shares, or cash/stock difference at company's option
Fair value per option: 122,562 won (Black-Scholes model, expected term 5 years, risk-free rate 3.806%, expected volatility 50.590%)
Subject to subsequent shareholder approval at the next general meeting