Correction of Stock Option Exercise Price and Shares Due to Stock Merger... Dilution at 2.12% Maintained

Due to a 2.5:1 stock merger, existing stock options' exercise price was adjusted from 1,349 KRW to 3,372 KRW, and the number of options from 915,000 to 366,000 shares (quantity decrease, price increase).
Total outstanding shares also decreased from 43,172,933 to 17,269,173, but the grant ratio remains unchanged at 2.12%, so relative dilution is stable.
Options were granted to 20 persons: 1 unregistered executive and 19 employees, with an exercise period from March 4, 2027 to March 3, 2030.
Fair value per option is 504 KRW (using binomial model), and the exercise price is based on volume-weighted average prices over the past 2 months, 1 month, and 1 week, now 87% above the current stock price of 1,801 KRW.
This is a technical correction due to the stock merger, not a new grant; no direct fundraising or cash outflow.
[AI Comprehensive Analysis]This filing is a technical adjustment due to the merger, not a new issuance. The dilution ratio (2.12%) is modest, and the exercise price (3,372 KRW) is above the current price, making near-term exercise unlikely. However, long-term dilution risk exists if the stock price rises; investors should monitor exercise conditions and price trends.