NOTICE BOARD

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[Notice] Conversion of Petromin's SAFE into equity shares

We hereby inform you that, following recent approval by the Board of Directors, we have decided to convert the SAFE investment agreement signed with Petromin in October 2020 into equity shares.

1. Type and Number of New Shares Issued: 483 common shares

2. Method of Share Issuance: Allocation to third-party in accordance with Article 9, Paragraph 2 of the Articles of Incorporation

3. Issue Price per Share: KRW 1,150,685 per share

4. Payment Date: August 29, 2025 (Although we are converting the existing SAFE to shares this time, August 29, 2025 has been designated as the payment date for procedural purposes)

5. Details of Share Allocation:

o Allocated to: Petromin

o Number of Shares Allocated: 483 shares

This notice is for the existing shareholders and Petromin.

Notice Period: August 14, 2025 – August 29, 2025

WiPowerOne Inc.

WiPowerOne participated in the Delegation Trip to Germany

WiPowerOne participated in the Delegation Trip as part of the "Startup Autobahn Korea 2024" program and visited Stuttgart, Germany.

The program was conducted by Mercedes-Benz Korea to support Korean startups' global expansion. Participating startups had meetings with investors and partners to enter the European market to explore network construction and cooperation opportunities, and visited the Mercedes-Benz headquarter, the Zindelfingen plant, and the Mercedes-Benz Museum to experience the development of innovative technologies firsthand.

WiPowerOne is one of 13 startups participating in "Startup Autobahn Korea 2024," and has been working with Mercedes-Benz Korea since June for the wireless charging system for electric vehicles PoC, and will continue various activities until Expo Day, which will take place at the end of November.

WiPowerOne presents wireless EV charging system at DIFA

WiPowerOne introduces an electric vehicle wireless charging system in cooperation with PHA at the "2024 Daegu International Future Auto & Mobility Expo (DIFA)" in Daegu from the Oct. 23rd to the 26th.

The "DIFA" is a large-scale mobility exhibition co–organized by the Korea Ministry of Land, infrastructure and Transport, the Ministry of Trade, Industry and Energy and Daegu Metropolitan City. It shows the aspects of eco-friendly and future mobility with more than 190 domestic and foreign companies and institutions participating.

In this exhibition, WiPowerOne, in collaboration with PHA, exhibits the "Wireless EV charging system" with a Hyundai Kona Electric Vehicle. and introduced WiPowerOne's fast and convenient wireless EV charging system. WiPowerOne's increased power density of wireless EV charging system, allowing high-speed wireless charging even in electric passenger cars. It is expected to reduce the downtime when this high-speed wireless EV charging system is applied to autonomous vehicles such as 'Tesla Robotaxi'.

WiPowerOne at 'NextRise 2024': Wireless EV charging solution for a passenger car

WiPowerOne participated in the NextRise 2024, which was held for two days from June 13th to 14th. At the exhibition, WiPowerOne introduced 'High power wireless EV charging system for a passenger car' to visitors. The 'NextRise' is one of the largest start-up exhibitions in Korea, and it has been hosted by the Korea International Trade Association(KITA) and the KDB Bank since 2019.

This year's exhibition featured 1,500 domestic and foreign startups in various fields to introduce their technologies and companies, and through 1:1 Meetup, the main program of the exhibition, 30 corporates and 90 venture capitals(VC) gathered to discuss investment and business opportunities with startups.

WiPowerOne attended the exhibition as a startup recommended by LG Electronics and showcased its "100kW High-Speed Wireless Charging System for Electric passenger car" at the booth. WiPowerOne gained attention from various industry partners and investors.

WiPowerOne provides wireless charging systems for various types of electric vehicles such as △ electric buses △ electric trucks △ electric passenger car △ robots. In particular, it targets to lead the era of high-speed wireless charging for a passenger car by developing a technology that can significantly reduce the size and weight of the receiver pad that is attached under the vehicle.

WiPowerOne participated in 'SusHi Tech Tokyo 2024'

WiPowerOne participated in Asia's largest Startup conference 'SusHi Tech Tokyo 2024' held in Tokyo for 2 days from May 15th to 16th.

'SusHi' stands for 'Sustainable High City Tokyo'. 'SusHi Tech Tokyo' aims to establish sustainable new values by leveraging diverse ideas and cutting-edge technology to address urban challenges.

At this exhibition, WiPowerOne introduced its wireless high-power(100kW) EV charging system for a passenger car and attracted attention from related industry parties.

WiPowerOne's high-power/fast wireless EV charging solution enables to reduce the size, weight, and cost of the receiver pad which is attached under the car. Thus, it is expected that WiPowerOne can expedite the production of electric passenger cars with wireless power charging system embedded.

WiPowerOne also attended the side event, 'Mobility Matsuri' hosted by The Drivery on May.16th and used it as an opportunity to introduce its wireless power charging solutions for electric vehicles.

WiPowerOne Installed Korea's First Electric Truck Wireless Charging Infrastructure

WiPowerOne completed the installation of Korea's first wireless charging infrastructure for electric delivery trucks at three distribution centers in Korea.

WiPower One installed wireless charging systems for 15 trucks that can charge the vehicle wirelessly within an hour while a worker is loading and unloading cargo to and from a last-mile delivery truck. The transmitter pads are buried under the ground of the workplace, so that space can be used efficiently without disturbing the workflow. Also, it can save time and cost for charging since the vehicle is charged wirelessly while parked during work. Wireless charging infrastructure does not require charging guns or cable maintenance, and does not require a canopy, so it has low maintenance costs and high economic feasibility from a long-term perspective.

Through this project, WiPowerOne hopes that the wireless charging infrastructure for electric trucks will be widely known and applied to logistics and distribution industries to create an eco-friendly delivery environment.

WiPowerOne to showcase high power wireless EV charging technology at CES2024

WiPowerOne will participate in 'CES 2024', the world's largest technology exhibition held in Las Vegas, USA, from January 9th to 12th, 2024.

WiPowerOne will introduce its 100kW wireless EV charging system for passenger cars made with its cutting-edge technology in 'CES 2024'. WiPowerOne participates in CES for two consecutive years following 2023.
WiPowerOne recently developed the high-speed wireless EV charging system for electric passenger cars. The product can transfer power wireressly at higher power density in the same area thus it enables to innovatively reduce the size, weight, and volume of the receiver pad in the system. WiPowerOne solved the issue that It has not been easy to adopt wireless EV charging in a passenger car due to size and volume of the receiver pad. It is expected that WiPowerOne's technology can serve as an opportunity to open the era of high-speed wireless charging for electric vehicles.

At this "CES 2024", WiPowerOne will showcase the real-size mock up of the receiver pad and the transmitter pad of the 100kW wireless EV charging system.
WiPowerOne's booth is located in the Eureka Park (booth number #63339).

WiPowerOne selected for the Renault Korea open innovation

WiPower One participated in the 'Startup Open Stage Pitch Day' held at Renault Korea Technology (Renault Korea R&D center) on the 24th.

The event was held as part of the Renault Korea Open Innovation Program, organized by the Seoul Center for Creative Economy & Innovation and Renualt Korea to seek opportunities to discover and collaborate with promising start-ups and find ideas for future models that Renault Korea is preparing, hybrid and electric vehicles.

A total of 96 startups applied for Renault Korea's Open Innovation program, and six finalists starups introduced their solutions at the event.

WiPowerOne received the Minister of Science and Technology Award at the '2023 Korea Digital Innovation A…

WiPowerOne was honored by the Minister of Science and ICT for contributing to the sustainable transportaion systems at the '2023 Korea Digital Innovation Award'.

The ‘2023 Korea Digital Innovation Award’ is hosted by the Ministry of Science and ICT to reward excellent companies and institutions that contributed to the national economic development through ICT development, dissemination, and convergence utilization.

WiPowerOne was awarded in recognition of its contribution to reduce fuel costs and develop public transportation systems by applying its wireless EV charging systems in commercial electric buses for the first time.
WiPowerOne manufactures wireless power charging systems for electric vehicles including buses, trucks, and passenger cars. WiPowerOne intends to contribute to the sustainable transportation system through continuous innovation of wireless charging technologies.

LG electronics Biznovator

On November 6th, WiPowerOne presented the performance of the ‘LG electronics Biznovator 2023' at LG Science Park.

'Biznoator' is the open innovation program conducted by LG Electronics and the Korea International Trade Association (KITA) to find opportunities for collaboration with promising startups.

Total of 112 startups had applied for this program and finalists were selected through 1:1 meet ups. 5 startups including WiPowerOne partnered with related divisions in LG electronics for PoC (Proof of Concept).

Over the past 6 months, WiPowerOne has successfully verified the usability and efficiency of the its '22kW wireless power charging system' through cooperation with the LG electronics business solution (BS) division. WiPowerOne continues discussions with LG electronics for further collaboration opportunities in EV charging business.

WiPowerOne to exhibit at DIFA

WiPowerOne participated in the '2023 Daegu International Future Auto & Mobility Expo (DIFA)' in Daegu from October 19th to 21th.

WiPowerOne introduced its wireless EV charging system for a passenger car. WiPowerOne developed the technology that can reduce the weight and size of the receiver pad on a vehicle by 1/2. The system enable to charge wirelessly even in parking deviations and shows high power transfer efficiency over 90±2%.
"By applying our technology, we have been able to make the receiver pad on a vehicle compact and cost-effective. Our wireless charging technology can be applied to high-power, fast wireless EV charging and will help to advance the era of electric vehicles." WiPowerOne said.

WiPowerOne in Berlin

WiPowerOne participated in the "Drivery Market Place" held in Berlin, Germany on October, 12th.
'The Drivery' is the Europe's largest mobility hub located in Berlin. It arranges events for mobility startups and investors.

This year, sponsered by Movin'on, the ecosystem for sustainable mobility by Michelin group, 30 member companies of Movin'on came to visit Germany to explore innovative solutions of startups.Total Energies, a global energy company based in France, Engie, and Forvia, the global auto parts manufacturing company were those.
WiPowerone and 4 startups from Korea participated in the "Ecosystem Connectivity: Asian Mobility Startup Fitch" event. WiPowerOne drew attention by introducing its wireless EV charging solutions for electric vehicles.

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