NPS Stake Drops Below 10% After Net Sale of 860 Shares — L&F

Summary

National Pension Service (NPS) reported a change in its holdings, with its stake declining from 10.02% to 9.99% as of May 13, 2026. The net change was a decrease of 860 shares through active intraday trading between May 7 and May 13, bringing total holdings to 4,042,185 shares. The crossing of the 10% threshold triggered this disclosure obligation, and NPS is now classified as holding less than 10%. Trading prices ranged from approximately KRW 186,000 to KRW 218,000 across the reporting period, reflecting significant share price volatility.

Historical Impact

10 past Insider Ownership Change · ≈ Form 4 events at L&F

Median +5d

-4.46%

Range

-14.76% to +13.30%

Positive outcomes

3/10

Filed	P₀	P₊₅	+5d
May 11, 2026	₩187,300	₩159,650	-14.76%
Apr 16, 2026	₩169,500	₩189,100	+11.56%

Full Translation

Report on Ownership of Specific Securities by Executives and Major Shareholders Filer: National Pension Service (NPS) Issuer: L&F Co., Ltd. (KRX: 066970) Date of Reporting Obligation: May 7, 2026 Report Reference Date: May 13, 2026 1. Issuer Information - Company Name: L&F Co., Ltd. - Classification: KOSPI-listed company - Company Code: 066970 - Total Issued Shares: 40,455,487 2. Filer Information - Report Type: Change - Filer Classification: Pension Fund / Professional Investor - Name: National Pension Service (국민연금공단) - Business Registration No.: 219-82-01593 - Address: 180 Giji-ro, Deokjin-gu, Jeonju-si, Jeollabuk-do Special Self-Governing Province - Relationship to Issuer: Major shareholder (10%+ shareholder) - Contact: Securities Asset Management Department, Manager Kim Hyun-seo 3. Ownership Status of Specific Securities A. Number and Ratio of Specific Securities Owned - Previous Report (May 6, 2026): 4,043,045 shares (10.02%) - Current Report (May 13, 2026): 4,042,185 shares (9.99%) - Change: -860 shares (-0.03%) B. Holdings by Security Type - Common Stock: 4,042,185 shares (9.99%) - All other security types (warrants, CBs, BWs, etc.): None - Total: 4,042,185 shares (9.99%) - Ownership Ratio: 9.99% (A/J × 100) C. Detailed Change History | Reason | Date | Type | Before | Change | After | Price (KRW) | |--------|------|------|--------|--------|-------|-------------| | On-market buy (+) | 2026-05-07 | Common | 4,043,045 | +14,295 | 4,057,340 | 218,325 | | On-market sell (-) | 2026-05-07 | Common | 4,057,340 | -10,592 | 4,046,748 | 216,763 | | On-market buy (+) | 2026-05-08 | Common | 4,046,748 | +11,226 | 4,057,974 | 212,172 | | On-market sell (-) | 2026-05-08 | Common | 4,057,974 | -7,638 | 4,050,336 | 210,506 | | On-market buy (+) | 2026-05-11 | Common | 4,050,336 | +11,252 | 4,061,588 | 208,223 | | On-market sell (-) | 2026-05-11 | Common | 4,061,588 | -7,366 | 4,054,222 | 209,248 | | On-market buy (+) | 2026-05-12 | Common | 4,054,222 | +12,548 | 4,066,770 | 199,192 | | On-market sell (-) | 2026-05-12 | Common | 4,066,770 | -19,815 | 4,046,955 | 196,526 | | On-market buy (+) | 2026-05-13 | Common | 4,046,955 | +30,531 | 4,077,486 | 186,799 | | On-market sell (-) | 2026-05-13 | Common | 4,077,486 | -35,301 | 4,042,185 | 186,239 | | Total | | | 4,043,045 | -860 | 4,042,185 | | Note on May 13 sell: Marked as crossing below 10% threshold. * For securities traded on the exchange, the date refers to the contractual settlement date. ** For non-stock securities, the price refers to the exercise/conversion price; figures in parentheses indicate trading unit prices.