Exchange Bond Conversion: 441,990 Treasury Shares Delivered (1.02% of Shares Outstanding) — DB HiTek

Summary

DB HiTek disclosed the latest exercise of exchange rights on its 121st series unregistered, zero-coupon, unsecured private exchangeable bonds, which are exchangeable into the company's treasury shares. Cumulative exercises (excluding previously reported amounts) total 441,990 shares, equivalent to 1.02% of total shares outstanding (43,504,588). The most recent exercise on May 11, 2026 converted KRW 5 billion of bonds at an exchange price of KRW 56,562, delivering 88,398 shares. Of the original KRW 125.57 billion issuance, KRW 18 billion in unexchanged bonds remain, representing a potential further 318,234 shares. Because the underlying shares are treasury stock rather than newly issued, this exercise does not dilute existing shareholders but does increase the public float.

Filed	P₀	P₊₅	+5d
Feb 9, 2026	₩99,000	₩91,400	-7.68%
Jan 16, 2026	₩85,200	₩91,000	+6.81%

Filed

P₀

P₊₅

+5d

Feb 9, 2026

₩99,000

₩91,400

-7.68%

Jan 16, 2026

₩85,200

₩91,000

+6.81%

Full Translation

DB HiTek / Exercise of Conversion Rights, Warrants, and Exchange Rights / (2026.05.11) Exercise of Conversion Rights, Warrants, and Exchange Rights Exercise of Conversion Rights, Warrants, and Exchange Rights 1. Classification: Exercise of exchange rights on exchangeable bonds 2. Cumulative number of shares from exercise (shares) (excluding previously reported quantities): 441,990 - Total shares outstanding (shares): 43,504,588 - Ratio to total shares outstanding (%): 1.02 3. Subject to Fair Trade Commission reporting: Not applicable 4. Other matters relevant for investment judgment: - The above pertains to the exercise of exchange rights on the Company's 121st series unregistered, zero-coupon, unsecured private exchangeable bonds, issued with the Company's treasury shares as the exchange underlying. ※ Related disclosures: 2025-09-15 Decision on issuance of exchangeable bonds 2025-09-15 Decision on disposal of treasury shares 2025-09-23 Treasury share disposal results report 2026-01-02 Exercise of conversion/warrant/exchange rights 2026-01-16 Exercise of conversion/warrant/exchange rights 2026-02-09 Exercise of conversion/warrant/exchange rights Daily exchange request details (Unit: KRW, shares): | Request date | Bond series | Bond type | Request amount | Exchange price | Exchange shares | | 2026-02-20 | 121 | Unregistered zero-coupon unsecured private exchangeable bond | 5,000,000,000 | 56,562 | 88,398 | | 2026-04-16 | 121 | Unregistered zero-coupon unsecured private exchangeable bond | 5,000,000,000 | 56,562 | 88,398 | | 2026-04-22 | 121 | Unregistered zero-coupon unsecured private exchangeable bond | 5,000,000,000 | 56,562 | 88,398 | | 2026-04-24 | 121 | Unregistered zero-coupon unsecured private exchangeable bond | 5,000,000,000 | 56,562 | 88,398 | | 2026-05-11 | 121 | Unregistered zero-coupon unsecured private exchangeable bond | 5,000,000,000 | 56,562 | 88,398 | Exchangeable bond balance (Unit: KRW, shares): | Series | Original face (electronically registered) total at issuance | Unexchanged bond balance as of report date | Exchange price (KRW) | Exchangeable shares | | 121 | 125,567,640,000 KRW | 18,000,000,000 KRW | 56,562 | 318,234 |