Announcement • May 13

TCC Steel Corp. announced that it expects to receive KRW 21 billion in funding from Eugene Investment & Securities Co.,Ltd. and other investors

TCC Steel Corp. announced a private placement to issue series 42 bearer-type interest free unsecured private placement convertible bonds for gross proceeds of KRW 21,000,000,000 on May 12, 2026. The transaction includes participation from new investors, Anda H KOSDAQ Venture General Private Equity Investment Trust No. 6 advised by Samsung Securities Co.,Ltd. for KRW 2,000,000,000, NH Absolute Return General Private Equity Investment Trust No. 1 and NH Hedge Coven Mezzanine General Private Equity Investment Trust No. 4 advised by Samsung Securities Co.,Ltd. for KRW 2,000,000,000, Orion Premium KOSDAQ Venture General Private Equity Investment Trust No. 126, Orion Premium KOSDAQ Venture General Private Equity Investment Trust No. 131, Orion Premium KOSDAQ Venture General Private Equity Investment Trust No. 130, and Orion Premium KOSDAQ Venture General Private Equity Investment Trust No. 138 advised by NH Investment & Securities Co., Ltd. for KRW 1,500,000,000, Shinhan The Credit 4 General Private Equity Investment Trust advised by Samsung Securities Co., Ltd for KRW 2,000,000,000, Shinhan-Kiwoom Productive Finance New Technology Fund 1 for KRW 6,000,000,000, NH-Orion Mezzanine New Technology Fund 1 for KRW 1,500,000,000, KB-GVA Premier Mezzanine New Technology Business Fund for KRW 1,500,000,000, GVA-YG Mezzanine Alpha New Technology Fund for KRW 1,500,000,000 and Eugene Investment & Securities Co.,Ltd. for KRW 3,000,000,000. The bonds have zero coupon rate and zero yield to maturity rate. The bonds will mature on May 20, 2031. The bonds will be 100% converted into 1,096,605 common shares at a fixed conversion price of KRW 19,150 per share. The conversion period is from May 20, 2027 to April 20, 2031. The payment date of the transaction is May 20, 2026. The transaction has been approved by the board of directors of the company. The bonds are subject to prohibition of conversion and splitting for one year from the bond issuance date.

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TCC Steel Corp. announced that it has received KRW 21 billion in funding from Eugene Investment & Securities Co.,Ltd.

TCC Steel Corp. announced that it expects to receive KRW 21 billion in funding from Eugene Investment & Securities Co.,Ltd. and other investors

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