25 Billion Won Convertible Bond Issuance with Potential Change of Control

Correction of 2025 financials: sales 120M KRW, net loss 223M KRW, equity 291M KRW, debt 1,871M KRW; weak financial position
Decision to issue convertible bonds with face value of approximately 25 billion KRW; underwriter is InTheMoney Co., Ltd.
Upon full conversion, InTheMoney would hold 7,240,081 shares (12.80%), potentially changing the largest shareholder
Put option (early redemption) and call option (intermediate redemption) granted, with put yield of 8.0% per annum
Collateral: first-priority beneficial interest in real estate trust, limit 32.5 billion KRW (130% of face value)
Call option acquisition price of 500 million KRW (4%) to be paid in installments

Filing: [Correction of Description] Report on Major Matters (Decision on Issuance of Convertible Bonds)
Company: Solux (290690)
Submission: Solux Co., Ltd.
Receipt: 05-18-2026