Notice of issuance of new shares under free capital increase

Notice of issuance of new shares under free capital increase

AL.Robot hereby announces the issuance of new shares pursuant to Article 461 of the Commercial Act, as the Board of Directors resolved the issuance of new shares through free capital increase as follows.

1. Amount and source of free capital increase: 4,931,412,500 won ($4,931,412,500)
2. Type and number of new shares: 9,862,825 bearer common shares
3. Issue price of new shares: 500 won per share
4. Date of allocation of new shares: December 12, 2024
5. Method of allotment of new shares and handling of single shares: New shares will be allocated to shareholders listed in the shareholder register as of 18:00 on December 12, 2024 at a ratio of 25 shares for every 1 share owned. However, as a result of the allocation, single shares of less than 1 share will be canceled.
6. Ex-dividend date of the new shares: January 1, 2024
7. Place of issuance of new shares: Headquarters of AEL Robot Co.
8. The CEO is delegated to carry out specific tasks related to the issuance of new shares and decide on details regarding future changes.

November 27, 2024

AL.Robot, Co., Ltd.
CEO Kang, Dae-Hee