Result of 25 Billion KRW Private Placement BW Issuance - Potential Dilution Concern

ICD completed the issuance of 25 billion KRW in 6th series unregistered, non-interest-bearing, unsecured, non-detachable private placement bonds with warrants (BW) (Payment date: 2026-05-19)
The BW will not be listed and were issued via private placement, allocated to specific investors
The issuance amount of 25 billion KRW represents approximately 24.5% of the current market cap (approx. 102 billion KRW), leading to inevitable dilution for existing shareholders upon exercise of warrants