New Stock Issuance Notice

We hereby announce this pursuant to Articles 416 and 418 of the Commercial Act , as the Board of Directors held on September 12 , 2024 resolved as follows regarding the issuance of new shares pursuant to listing on the KOSDAQ market .

1. Type and number of shares : 2,090,000 shares of registered common stock

1) General public offering of new shares : 2,000,000 shares ( excluding 1,000,000 shares for sale of existing shares )

2) Mandatory acquisition of third- party allocation by the lead manager : 90,000 shares

* If the subscription does not reach the target number of shares in this public offering and the lead manager acquires the remaining shares, the mandatory acquisition quantity may change .

2. Issue price of new shares :

In accordance with Article 5 of the “ Regulations on Securities Underwriting Business, etc. ” , the CEO decides after consulting with Shinhan Investment & Securities Co., Ltd., the lead manager for our KOSDAQ listing, by reflecting the results of future demand forecasts and stock market conditions.

3. Due Date : November 12 , 2024

4. Whether no-par value stocks are issued : Not applicable

5. How to acquire new shares :

Shinhan Investment Securities Co., Ltd., the lead manager, will underwrite the total amount (100.0%) , and the CEO will decide on other matters.

6. Method of allocating shares

1) Assigned in accordance with Article 9 of the “ Regulations on Securities Underwriting Business, etc. ”

2) Pursuant to Article 13 , Paragraph 2 of our Articles of Incorporation , we have decided to exclude existing shareholders’ right to subscribe to new shares.

3) The stocks that the listing underwriter must acquire are allocated in accordance with Article 13 of the KOSDAQ Market Listing Regulations.

4) The allocation method and details may change depending on the actual demand forecast results and subscription results , and the detailed plan is delegated to the CEO .

7. Others : There is no such thing as contribution in kind , and details related to listing process are delegated to the CEO.

2024.10.28

Witz Co., Ltd.