HLB has lowered the conversion price of its 43rd convertible bond (CB) in line with the decline in its market price.

According to a regulatory filing on the 15th, the conversion price was reduced from the previous 51,237 won to 35,866 won. With this adjustment, the number of convertible shares for the outstanding bond with a total face value of 25 billion won increases from the previous 487,928 shares to 697,038 shares. The new conversion price will be fully applied starting July 15, 2026.

The company explained that this adjustment was made in accordance with conditions set at the time of issuance, describing it as an automatic adjustment triggered by the stock price decline. The reference price calculated based on the adjustment formula was 33,100.49 won, but the final conversion price was set at 35,866 won (70% of the initial conversion price), which is the minimum adjustment limit under the issuance terms.

HLB stated, "This conversion price adjustment was made due to the decline in market price, and no separate board resolution was required."