Derivative Valuation Loss Incurred (Non-Cash, Accounting Loss)

Derivative valuation loss of KRW 6.12 billion (5.43% of equity)
Cause: valuation loss on derivatives (conversion rights, early redemption rights, put options) of convertible bonds due to stock price increase
Valuation gain: KRW 2.64 billion, valuation loss: KRW 8.76 billion, net loss: KRW 6.12 billion
Non-cash loss with no actual cash outflow
Upon conversion to equity, the loss is reclassified from liabilities to equity, expected to improve financial structure