Subsidiary Chunbo BLS Issues KRW 78.2 Billion Convertible Bonds for Electrolyte Facilities and Working Capital

Subsidiary Chunbo BLS decides to issue unsecured private convertible bonds worth KRW 78.2 billion (coupon 1%, YTM 4%, maturity 2033-05-29)
Proceeds: KRW 54.74 billion for facility investment (electrolyte and additive production), KRW 23.46 billion for working capital (raw material purchase)
Conversion price: KRW 39,463; shares issuable upon conversion: 1,981,603 (26.07% of subsidiary's total outstanding shares)
Conversion period: 2027-05-30 ~ 2033-04-29; investors' put option exercisable after 5 years
Issuer holds call option up to 30%; conversion price may be adjusted downward if 2029 EBITDA falls below KRW 80 billion

Filing: Decision on Issuance of Convertible Bonds (Major Management Matters of Subsidiary)
Company: Chunbo (278280)
Submission: Chunbo Co., Ltd.
Receipt: 05-22-2026
Under KRX KOSDAQ Market Division