10 Billion KRW Convertible Bond Issuance - Conversion Price 1,499 KRW, 21.74% Dilution

YulChon decided to issue 10 billion KRW of 7th unregistered, interest-bearing, unsecured private convertible bonds
Conversion price set at 1,499 KRW, a 27.6% premium to the current stock price of 1,175 KRW
Conversion will result in 6,671,114 new shares, representing 21.74% dilution relative to current outstanding shares (24,015,595)
Proceeds: 7 billion KRW for facility construction in Poland and Hwaseong plants, 3 billion KRW for operating funds of Poland plant
Zero coupon, zero interest, maturity June 1, 2031
Bondholders have a put option from June 1, 2028, quarterly thereafter, at 100% of principal
Issuer has a call option from June 1, 2027 to May 1, 2028, monthly, up to 15% of the bonds, at prices ranging from 100.1% to 100.1917%
Conversion price includes anti-dilution adjustments for market price declines (no floor specified)
Private placement with a 1-year lock-up on conversion and denomination split