[Disclosure] Announcement concerning the merger of MindwareWorks Co., Ltd.

Announcement concerning the merger of MindwareWorks Co., Ltd.

(Notice for creditors to submit objections)

MindwareWorks Co., Ltd. (“the Company” or “MWW”) is merging its wholly owned subsidiary Mindware Service Co., Ltd. (“MWS”) into itself as set out below. Pursuant to Article 527-5 of the Commercial Act, any creditor objecting to this merger is requested to submit an objection within one month from the date of this announcement.

- Details -

1. Parties to the merger

a. Surviving company: MindwareWorks Co., Ltd.

(13F, 20 Mapo-daero, Mapo-gu, Seoul (Mapo-dong, Dabo Building) / Representative Director: Park Pyung-won)

b. Dissolving company: Mindware Service Co., Ltd.

(13F, 20 Mapo-daero, Mapo-gu, Seoul (Mapo-dong, Dabo Building) / Inside Director: Moon Sung-kook)

2. Method of the merger

a. The Company merges MWS into itself, and MWS is dissolved

b. As the Company holds all issued shares of MWS (38,000 shares), this is a merger of a wholly owned subsidiary and constitutes a small-scale merger under Article 527-3 of the Commercial Act. The Company issues no new shares and pays no merger consideration for this merger (merger without capital increase)

3. Merger resolutions

a. The Company (MWW): board of directors resolution on 12 May 2026 (in lieu of a shareholders' meeting resolution, as a small-scale merger under Article 527-3 of the Commercial Act)

b. MWS: special resolution of the extraordinary general meeting of shareholders on 12 May 2026

4. Merger date

15 June 2026

5. Matters concerning the submission of creditor objections

a. Objection period: 13 May 2026 to 13 June 2026 (one month from the date of announcement)

b. Place of submission: the Company's head office, 13F, 20 Mapo-daero, Mapo-gu, Seoul (Mapo-dong, Dabo Building)

c. Method of submission: submit a written objection (stating the type of claim, the date it arose, the amount and the reason it arose) with a copy of documents evidencing the existence of the claim (tax invoice, statement of transactions, agreement, balance confirmation and the like) attached, by registered mail or in person

d. Note on effect: a creditor who does not submit an objection within the above period is deemed to have approved this merger (Article 527-5(3) of the Commercial Act).

6. Contact for enquiries about this merger

· Contact: Kim Min-soo, Executive Vice President (CFO)

· Phone: 010-2823-8004

· Email: mskim@mindwareworks.com

13 May 2026

MindwareWorks Co., Ltd.

13F, 20 Mapo-daero, Mapo-gu, Seoul (Mapo-dong, Dabo Building)

Park Pyung-won, Representative Director