Meritz Securities Exercises Call Option on Daejoo CBs - Potential Dilution Reduction

Meritz Securities exercises call option (put option from issuer perspective) on Daejoo Electronic Materials' convertible bonds (CBs)
Callable amount: up to largest shareholder's holding ratio and 35% of total CBs (4 tranches, 2025-2026)
Purchase price: face value + 2% annual compound interest (tranche-specific: 102.0% ~ 104.04%)
Meritz to pay 80% of realized profit to Daejoo as designated consideration
Company buyback reduces potential conversion shares → mitigates EPS dilution

Filing: Major Events Report (Exercise of Call Option for Convertible Bonds by a Third Party)
Company: DaejooElectronicMaterialsCo (078600)
Submission: DaejooElectronicMaterialsCo.,Ltd.
Receipt: 05-15-2026