35th CB Conversion Price Adjusted Downward from 3,000 Won to 2,100 Won... Increased Potential Dilution Risk

The conversion price of the 35th unlisted convertible bond has been adjusted downward by 30% from 3,000 won to 2,100 won (effective date: 2026-05-29).
The adjustment is triggered by the price decline (market price change) under the refixing clause, with the minimum adjustment limit (70% of the original issue price) of 2,100 won applied.
Based on the outstanding balance of 1.2 billion won, the number of shares issuable upon conversion increases 42.9% from 400,000 to 571,428 shares, intensifying concerns over dilution for existing shareholders.
The stock price has remained weak following the 3:1 reverse stock split on April 15, 2026, and the conversion price downward revision further heightens dilution risk.
[AI Comprehensive Analysis]This conversion price adjustment reflects the stock price decline and is negative for existing shareholders. If the stock price rises in the future, accelerated dilution from conversion could occur, requiring investor caution.