Jeju Air Subsidiary Decides to Transfer Hotel Business for KRW 54 Billion

Jeju Air subsidiary Pacific No.3 Private Real Estate Investment LLC decides to transfer hotel business assets, contracts, and rights
Transfer price: KRW 54 billion (subject to change)
Buyer: Mapo Aekyung Town Co., Ltd. (related party)
Purpose: Business operational efficiency and restructuring, secure cash liquidity
Expected transfer date: June 30, 2026 (subject to change)
Subsidiary total assets: approx. KRW 62.7 billion (2.67% of parent's consolidated assets)
No stock purchase rights; subject to Fair Trade Commission report
After transfer, proceed with fund recovery and closure procedures

Filing: Decision on Business Transfer (Voluntary Disclosure) (Key Management Matters of Subsidiary)
Company: JEJUAIR (089590)
Submission: JEJUAIR, CO., LTD.
Receipt: 05-13-2026
Under KRX KOSPI Market Division