Conversion Price Adjustment for 25th CB: 1,805 Won → 14,690 Won (Reflecting 10:1 Stock Merger)

Conversion price of 25th CB increased from 1,805 won to 14,690 won due to market price decline and 10:1 stock merger (effective date: 2026-05-15).
Convertible shares based on total outstanding CB of KRW 7 billion decreased from 3,878,116 to 476,514 shares (approx. 87.7% reduction).
Adjustment basis: provisions for adjustment due to merger, capital reduction, stock split/consolidation, and market price decline rules.
Stock merger base date (effective date) is 2026-05-07; market decline adjustment reflects 1-month weighted average price of 1,468.89 won.