Designation of Call Option Buyers for 17th Series CB - 190M Won Consideration (Krisvalue, Golden Bears)

Designated call option buyers for 50% (4.75B won) of the 17th series CB (total 9.5B won): Krisvalue (3.75B won) and Golden Bears Company (1B won)
Total consideration of 190M won (4% of the target face value) paid in 4 quarterly installments
Conversion price: 3,420 won per share; shares issuable upon conversion: 1,317,523 (2.46% of total shares)
Issuer can exercise call option from May to September 2027 (purchase price applying 7% annual compound interest)
Bondholders must hold the callable bonds; conversion rights are restricted during the call period
Krisvalue is 100% owned by CEO Song Ho-gil; Golden Bears Company is 80% owned by Park Sang-gyun

Filing: Report on Major Events (Designation of Person Exercising Call Option for Convertible Bonds)
Company: EcoGlow (159910)
Submission: EcoGlow Co., Ltd.
Receipt: 05-22-2026