Exercise Price Adjustment for 5th Series BW from 4,043 KRW to 2,831 KRW, Potential Dilution of 16% Raises Concerns for Existing Shareholders

Due to market price decline, the exercise price of the 5th series bonds with warrants was adjusted downward by 30% from 4,043 KRW to 2,831 KRW.
The number of exercisable shares increased from approximately 2.73 million to 3.89 million, representing a potential dilution of about 16% of outstanding shares.
This adjustment is automatic per the bond terms without a separate board resolution.
[AI Summary]The downward adjustment of the warrant exercise price substantially increases potential equity dilution, threatening existing shareholder value and likely exerting downward pressure on the stock price.