Conversion of 142,765 Shares from CB (1.1% Dilution)

Issuance of 142,765 shares upon exercise of conversion rights for 1st tranche CB (1.1% of total outstanding shares 13,115,949)
Conversion price of 9,386 won is lower than current price of 18,300 won, causing dilution for existing shareholders
Remaining CB balance of 4.15 billion won (convertible into 442,147 shares) poses potential further dilution
The remaining balance includes 3.5 billion won from the company's call option exercise
Conversion shares of 101,214 and 41,551 to be listed on 2026-04-30 and 2026-06-16 respectively