BitMax Plans Private Placement of 13,961,520 Shares for In-Kind Contribution

• BitMax plans a private placement of 13,961,520 common shares worth KRW 21.56 billion.
• The issue price is KRW 1,544 per share, a 10% discount to the reference price.
• Korea Advanced Materials will receive the shares in exchange for 21,700,000 units in Lucent Investment Partnership.
• The recipient is expected to become the largest shareholder; all new shares will be locked up for one year.
• Payment is scheduled for December 29, 2026, with the new shares due to list on January 18, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BitMax Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261103000325), on November 03, 2026, and is solely responsible for the information contained therein.