Stock Option Grant Disclosure

Fiberpro grants stock options to executives and employees via extraordinary general meeting special resolution
Exercise price: 24,048 won (based on market price of closing price 24,200 won on day before grant)
Fair value: 14,568 won (binomial model, expected life 5.09 years, risk-free rate 3.758%, expected volatility 72.623%)
Exercise period: May 13, 2029 to May 12, 2036 (first exercise after 3 years from resolution date)
Settlement method: issuance of new shares or delivery of treasury shares (determined by board resolution at exercise)