Exercise of Conversion Rights for 4th CB: 31 million won to 23,754 shares
Conversion of 31,000,000 won (conversion price 1,305 won) from the 4th unsecured private CB results in 23,754 new shares (0.05% of total shares), listing expected on 2026-06-02.
Remaining unconverted balance of 9.346 billion won (7,161,686 shares convertible) out of total 14 billion won issuance poses potential dilution.