Amendment: 1-Year Maturity Extension on KRW 10B Barrel CB Holding

The Nature Holdings / Decision to Acquire Stock-Related Bonds / (2026-05-22) Decision to Acquire Stock-Related Bonds Amendment Report Amendment date: 2026-05-22 1. Filing being amended: Decision to Acquire Stock-Related Bonds 2. Original filing date: 2022-05-16 (original) / 2022-07-08 (1st amendment) 3. Reason for amendment: Amendment disclosure due to 1-year extension of bond maturity 4. Amended items: 9. Whether a put option contract, etc. has been entered into Before amendment: - Contract details: [Put option] The bondholders may, on every 3-month anniversary date (collectively, the "Early Redemption Payment Date") from December 7, 2023 (the date 2 years and 6 months after the issue date) through March 7, 2026, request early redemption before maturity of all or part of the electronically registered amount of the bonds. - Early redemption claim amount: the sum of the electronically registered amount of the bonds plus an amount calculated by applying the early redemption rate (2.0% compounded annually) on such amount from the issue date to the Early Redemption Payment Date (less any interest already paid prior to early redemption). [Call option] Entered into a convertible bond call option agreement granting the Company the right to demand redemption from the issuer, or sale to a third party designated by the issuer, of a portion of the target bonds in the amount of KRW 2,836,000,000 of electronically registered convertible bonds, and acquired the target bonds pursuant to the underwriting agreement. After amendment: [Put option] The bondholders may, on every 3-month anniversary date from December 7, 2023 through March 8, 2027, request early redemption of all or part of the electronically registered amount. - Early redemption claim amount: same calculation (2.0% compounded annual rate, less interest already paid). [Call option] Same terms as before — KRW 2,836,000,000 portion subject to the call option agreement. [Convertible bond matters] - Bond maturity date: 2026-06-07 → 2027-06-07 [Conversion request period] - End date: 2026-03-07 → 2027-05-07 Reason: Amendment filed due to change in issuance terms resulting from a 1-year extension of the maturity date of the subject transaction. Decision to Acquire Stock-Related Bonds 1. Type of stock-related bonds: Convertible bonds - Series: 1 - Type: Unregistered, non-coupon, unsecured private placement convertible bonds 2. Bond-issuing company: - Company (nationality): Barrel Inc. (Korea) - CEO: Lee Sang-hoon - Capital stock (KRW): 3,942,750,000 - Relationship with the Company: None - Total shares issued: 7,885,500 - Main business: Other sewn apparel manufacturing - Acquisition of new shares by third-party allotment within past 6 months: No 3. Acquisition details: - Face (electronically registered) amount of bonds (KRW): 10,000,000,000 - Acquisition amount (KRW): 10,816,078,699 - Shareholders' equity (KRW): 220,089,807,034 - % of equity: 4.91 - Large enterprise: Applicable 4. Method of acquisition: Cash 5. Purpose of acquisition: Acquisition for business diversification 6. Scheduled acquisition date: 2022-07-31 7. Board resolution date: 2022-05-16 - Outside directors present: 1, absent: 0 - Auditor (non-outside-director audit committee member) attendance: Attended 8. Subject to KFTC reporting: Not applicable 9. Put option contract entered into: Yes (terms as described above, after amendment) 10. Other matters for investment judgment: - Capital stock and total shares issued in item 2 are as of the filing date. - Shareholders' equity in item 3 is based on the Company's 2021 year-end consolidated financial statements. - Payment method: Cash KRW 10,816,078,699; sale agreement signed 2022-05-16; KRW 0 down payment at contract signing; KRW 10,816,078,699 balance at transaction closing (closing date: 2022-07-31 or as mutually agreed); funded from internal cash. - Scheduled acquisition date is based on payment completion date; may change subject to negotiations with relevant authorities and mutual agreement among parties. [Issuer's summary financial position] (Unit: KRW million) - Current year (2021): Total assets 51,550 / Liabilities 15,489 / Equity 36,360 / Capital 39,433 / Sales 21,528 / Net income -6,990 / Unqualified opinion / Donghyun Accounting Firm - Prior year: Total assets 49,397 / Liabilities 9,293 / Equity 40,104 / Capital 3,943 / Sales 26,297 / Net income -6,197 / Unqualified / Donghyun - Two years prior: Total assets 58,348 / Liabilities 12,570 / Equity 45,778 / Capital 3,909 / Sales 59,947 / Net income 6,878 / Unqualified / Young & Jin [Counterparty] 1. Personal details: - Name: Meritz Hyundai Investment Partners New Technology Business Investment Association - Nationality: Korea - Address: Yeonji-dong, Jongno-gu, Seoul - Business: New technology business investment - Representative executives: Hyundai Investment Partners Co., Ltd. (1,000,000,000 shares, 4.00%); Meritz Securities Co., Ltd. (2,000,000,000 shares, 7.80%) - 2021 financials (KRW million): Total assets 25,590 / Capital 25,650 / Liabilities 193 / Sales 0 / Equity 25,397 / Net loss -253 / Hangil Accounting / Not suspended / Unqualified / Not dissolved 2. Relationship with counterparty: None 3. Transactions over past 3 years (excluding ordinary): None [Convertible bond terms] - Coupon rate: 0% - Yield to maturity: 2% - Bond maturity date: 2027-06-07 - Conversion ratio: 100.00% - Conversion price (KRW/share): 8,732 - Conversion price determination method: Per Article 5-22 of the Regulation on Issuance, Public Disclosure, etc. of Securities, the higher of: (1) arithmetic average of the 1-month, 1-week, and most recent date weighted average prices; (2) most recent date weighted average price; (3) weighted average price of the 3rd trading day prior to the subscription date (or payment date if no subscription date), with sub-won amounts rounded up to the won. - Type of shares issuable upon conversion: Common stock - Conversion request period: Start 2023-12-07; End [Translation truncated]