The Company, at the Board of Directors meeting held on September 12, 2023, resolved to issue new shares. In accordance with Article 418, Paragraph 4 of the Commercial Act, the following is hereby announced:

1. Type and Number of New Shares: 586,166 registered common shares

2. Method of Issuance: Third-party allotment

3. Par Value per Share: KRW 100

4. Issue Price per Share: KRW 1,706

5. Total Issue Amount: KRW 999,999,196

6. Payment Date: September 27, 2023

7. Details of Contribution in Kind: None

8. Other Matters: All detailed matters related to the issuance of new shares shall be delegated to the CEO.

September 12, 2023

UDMTEK Co., Ltd.
14th Floor, Suites 1405, 1406, 1407, 1408,
91, Changnyong-daero 256beon-gil, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea
(Ace Gwanggyo Tower 2, Iui-dong)