Notice

Estonian Centre for Defence Investment Sakala 1 Tallinn, Estonia [email protected] September 14, 2022 Title : Notification of Company Merger This letter is to inform and notify you of Hanwha Defense Co., Ltd. (“Hanwha Defense” or “We”) decision, as the result of its board of directors’ Meeting that was held on 29th July, 2022. The decision is to be merged with and into Hanwha Aerospace Co., Ltd. (“Hanwha Aerospace”), which owns 100% of issued and outstanding shares of Hanwha Defense, as of November 1, 2022 (tentative) (such merger, the “Merger”) in which Hanwha Aerospace will continue to exist as a surviving entity. Any and all assets, liabilities, rights, and obligations as well as any intangible rights of proprietary nature (including but not limited to licenses, permits, employment, and contractual relationships and litigations) of Hanwha Defense are assumed by Hanwha Aerospace and all the existing business of Hanwha Defense is to be maintained with Hanwha Aerospace. We assure you that the newly merged company will continue to provide Hanwha Defense products and services seamlessly. We, Hanwha Defense, seek your understanding to these changes and look forward to continuing and further improving our relationship as the newly merged company. If you have any queries, please contact Mr. Sungwook(Paul) Huh, Manager (Overseas Business Division) +822 729 3869, [email protected] at Hanwha Defense. Hanwha Defense Co., Ltd. ____________________________ Name: Son, Jae-il Title: Representative Director of Hanwha Defense & Hanwha Aerospace