Q1 2026 Quarterly Report Filed

Quarterly Report 6.5 L&F Co., Ltd. QUARTERLY REPORT (27th Term) Fiscal Year: January 1, 2026 to March 31, 2026 To: Financial Services Commission, Korea Exchange Date of Submission: May 15, 2026 Filing Entity Type: Listed Company (KOSPI) Exemption Reason: None Company Name: L&F Co., Ltd. CEO: Heo Je-hong Head Office: 11 Igok-dongro, Dalseo-gu, Daegu Phone: 053-592-7300 Website: http://www.landf.co.kr Responsible Officer: CFO Yoo Seung-heon [Confirmation by CEO et al.] I. Company Overview 1. Company Overview 1. Status of Consolidated Subsidiaries (Summary) As of March 31, 2026, there are 3 consolidated subsidiaries. (Unit: companies) - Listed: 0 (beginning), 0 (end) - Unlisted: 3 (beginning), 3 (end), 3 major - Total: 3 (beginning), 3 (end), 3 major 1-1. Changes in Consolidated Companies: None (no new consolidations, no exclusions) 2. Legal and Commercial Name The company is named L&F Co., Ltd. in English. The abbreviated form is L&F. 3. Date of Establishment and Duration L&F Co., Ltd. ("the Company") was established as a corporation on July 27, 2000. It was listed on KOSDAQ on January 2, 2003, and transferred its listing from KOSDAQ to the KOSPI (Securities Market) on January 29, 2024. 4. Head Office Address, Phone, Website Address: 11 Igok-dongro, Dalseo-gu, Daegu Phone: 053-592-7300 Website: http://www.landf.co.kr 5. SME / Venture / Mid-Sized Status - SME: No - Venture: No - Mid-Sized Enterprise: Yes 6. Main Business Business Segment: Cathode Active Materials Main Products: Cathode active materials, etc. Specific Use: Cathode active materials for secondary batteries Revenue Share: 100.00% The Company manufactures and sells cathode active materials for secondary batteries. 7. Credit Ratings (selected recent) - 2025.11.04: Korea Evaluation Data (KPD) — BB+ - 2025.08.25: eCredible — B - 2025.05.15: NICE Credit Rating — BB+ - 2025.05.15: Korea Investors Service — BB0 - 2025.04.16: eCredible — B - 2025.04.15: KPD — BB+ - 2024.10.18: KPD — BBB- - 2024.09.20: eCredible — B+ - 2024.04.26: eCredible — BB- - 2024.04.26: KPD — BBB- - 2023.11.05: eCredible — BB - 2023.10.24: KPD — BBB+ - (earlier ratings omitted for brevity but trended around BBB/BB range from 2020-2023) Rating Scale Notes: BBB: Adequate debt service capacity, but potential for deterioration under economic downturn. BB: No issue with debt service, but stability has speculative elements depending on economic and market conditions. +/- indicates relative ranking within a grade. 8. Stock Listing / Special Listing - KOSPI Listing Date: January 29, 2024 - Special Listing Type: None - Note: Originally listed on KOSDAQ on January 2, 2003; transferred to KOSPI on January 29, 2024. 2. Company History 1. Head Office Location and Changes - March 4, 2022: 11 Igok-dongro, Dalseo-gu, Daegu (Head office relocation) 2. Significant Changes in Management and Auditors - 2018.03.22 (AGM): New CEO Heo Je-hong; outgoing CEOs Choi Soo-an, Lee Bong-won - 2018.03.22 (AGM): New inside director Heo Je-hyun; outside director Park Jong-hyuk and inside director Heo Je-hong reappointed - 2018.03.23: Outside director Jeong Gi-young resigned - 2019.03.26 (AGM): New outside directors Lee Gyun-bal, Jeong Jae-hak; outgoing Lee Sang-ryong - 2021.03.17 (AGM): New CEO Choi Soo-an; reappointed: outside director Kim Jeom-su, inside director Choi Soo-an; reappointed inside directors Heo Je-hong, Heo Je-hyun; outgoing outside director Park Jong-hyuk - 2022.03.23 (AGM): Reappointed outside directors Lee Gyun-bal, Jeong Jae-hak - 2023.03.22 (AGM): New outside director Park Gi-seon - 2023.10.25 (EGM): New outside director Kim Kyung-hee - 2024.03.20 (AGM): Reappointed inside director Heo Je-hong, CEO Choi Soo-an, inside director Heo Je-hyun, outside director Kim Jeom-su - 2025.03.19 (AGM): New outside directors Park Woo-gyun, Park Sung-min; reappointed outside directors Lee Gyun-bal, Jeong Jae-hak - 2025.12.22: New CEO Heo Je-hong; CEO Choi Soo-an resigned - 2026.03.25 (AGM): New inside director Yoo Seung-heon; reappointed outside directors Kim Kyung-hee, Park Gi-seon; inside director Heo Je-hyun resigned 3. Mergers - February 2016: Merger — surviving entity: L&F Co., Ltd.; extinguished entity: L&F New Materials Co., Ltd. 4. Changes in Industry or Main Business 1) L&F Co., Ltd. - 2013.01: Discontinued TFT-LCD BLU production - 2014.06: Decision to expand cathode active materials facilities at Daegu Plant 2 - 2016.02: Merger (survivor: L&F; extinguished: L&F New Materials) - 2016.02: Appointment of co-CEOs (Lee Bong-won, Choi Soo-an) - 2018.03: CEO change (from Lee Bong-won, Choi Soo-an to Heo Je-hong) - 2021.03: CEO change (from Heo Je-hong to Choi Soo-an) - 2025.12: CEO change (from Choi Soo-an to Heo Je-hong) 2) Wuxi Guangmi Future New Materials Co., Ltd. - 2009.02: Began mass production of cathode active materials - 2009.05: Began supplying L&F New Materials - 2014.01: Direct delivery to Company A - 2018.04: Delivery system change: semi-finished product manufacturing → L&F - 2023.04: Production halted 3) JH Chemical Industries Co., Ltd. - 2011.01: Incorporated - 2011.02: Established R&D center - 2011.04: Selected as WPM national project consignee - 2012.04: Renamed (JH Chemical Co., Ltd. → JH Chemical Industries Co., Ltd.); HQ relocated (Waegwan, Chilgok-gun → Eomo-myeon, Gimcheon, Gyeongbuk) - 2013.08: Acquired New Technology Certification (NCM ternary precursor manufacturing technology via continuous process including metal dissolution — MOTIE) - 2014.03: CEO change (from Jang Yoon-han to Choi Soo-an) - 2016.05: Co-CEO appointment (Heo Je-hong, Choi Soo-an) - 2018.04: CEO change (from Heo Je-hong, Choi Soo-an to Heo Je-hong) - 2023.10: CEO change (from Heo Je-hong to Lee Byung-hee) 4) L&F Plus Co., Ltd. - 2025.08: Incorporated (CEO: Heo Je-hong) 3. Changes in Paid-In Capital 1. Capital Change History (Unit: KRW, shares) - 27th Term Q1 end (Q1 2026), 26th term... [Translation truncated]