Conduit Co., Ltd.

www.act.ag

Conduit Co., Ltd.

www.act.ag

Dear Shareholders,

I am Lee Sang-mok, the representative of the DB HiTek Retail Shareholder Solidarity.

The recent decline in our stock price which once soared from KRW 40,000 to KRW 110,000 on the back of the bright future of power semiconductors and our stellar core business performance, only to collapse to the low 90,000s is not due to a lack of operational capability. Rather, it is solely due to the chronic "Governance Risk" stemming from the owner's family.

While our company urgently needs to secure KRW 1.5 trillion in government subsidies, we are instead facing Fair Trade Commission (FTC) complaints and a special tax audit by the National Tax Service. Suspicions regarding golf course investments, acquisitions of insurance affiliate stakes, disguised subsidiaries, and excessive salaries for unregistered executives continue to mount.

If elected as an Outside Director, I pledge to use 100% of my net(after-tax) remuneration received during my term to purchase company shares and will not sell a single share for ten years. Furthermore, I will normalize the Board’s check and balance functions to provide assurance that government funds will not be diverted, thereby ensuring the successful acquisition of the KRW 1.5 trillion semiconductor industry cultivation fund.

In this General Meeting of Shareholders, we intend to "VOTE FOR" the appointment of existing Inside Directors to show respect for the management's business capabilities. However, we will "VOTE AGAINST" the appointment of existing Outside Directors who have failed their oversight duties and devolved into mere "rubber stamps."

Voting Recommendations by Agenda Item

Item No. 1: Approval of Financial Statements for the 73rd Fiscal Year

VOTE: FOR (Respect for the company's operational capability)

Item No. 2: Appointment of Directors

2-1: Inside Director, Lee Sang-ki  VOTE: FOR (Respect for the company’s operational capability)

2-2: Outside Director, Hwang Cheol-sung VOTE: AGAINST (Loss of oversight function)

2-3: Outside Director, Yoon Young-mok  VOTE: AGAINST (Loss of oversight function)

Item No. 3: Appointment of Audit Committee Members (Outside Directors)

3-1: Hwang Cheol-sung  VOTE: AGAINST (Loss of oversight function)

3-2: Yoon Young-mok  VOTE: AGAINST (Loss of oversight function)

Item No. 4: Appointment of an Outside Director to serve as an Audit Committee Member

4-1: Kim Jae-ik  VOTE: AGAINST (Loss of oversight function)

4-2: Lee Sang-mok (Shareholder Proposal)  VOTE: FOR (Restoration of check and oversight functions)

Item No. 5: Approval of Remuneration Limit for Directors

VOTE: FOR (Respect for the company's operational capability)

Item No. 6: Amendments to the Articles of Incorporation

VOTE: FOR ALL (Restoration of check and oversight functions)

6-1: Deletion of the clause excluding Cumulative Voting

6-2: Reflecting amendments to the Commercial Act

6-3: Establishment of a Special Fair Trade Investigation Committee (Shareholder Proposal)

6-4: Establishment of an Internal Transaction Committee (Shareholder Proposal)

Item No. 7: Recommendation for the Application to Appoint a Court-Designated Inspector to Investigate Unfair Transactions with Disguised Subsidiaries (Shareholder Proposal)

VOTE: FOR (Restoration of check and oversight functions)

Period of delegation by

Electronic Power of Attorney Forms

Proxies may be granted via mail, fax, SMS, KakaoTalk, electronic document, or email until the commencement of the Annual General Meeting of Shareholders on March 24, 2026. The detailed procedures are as follows:

1. Contact Information of the Solicitor/Agent

Name: Lee Sang-mok

Phone: +82-10-9434-9919

Email: sangmok8611@gmail.com

2. Where to Submit Proxies

Mail & In-person: Room 110, 17th Floor, O2 Tower, 83 Uisadang-daero, Yeongdeungpo-gu, Seoul, Republic of Korea (Yeouido-dong)

Electronic Proxy: Conduit Co., Ltd. (Platform: Act). You may download the "Act" application from the Google Play Store or Apple App Store to submit your proxy electronically.

3. Submission Period

February 28, 2026 ~ March 24, 2026, until the commencement of the Annual General Meeting (including any adjournments or postponements thereof).

4. Instructions for Completing the Proxy Form

Item 1 (Content of Proxy): Please enter your shareholder number, number of shares owned, number of voting shares, and the number of shares you wish to delegate. It is acceptable to leave the shareholder number and share counts blank. Unless a specific number of shares is stated or only a partial delegation is explicitly indicated, it will be assumed that all shares held in the Register of Shareholders are being delegated.

Item 2 (Agenda and Voting): Please indicate "FOR" or "AGAINST" for each agenda item according to your preference. (For details on the agenda items, please refer to the Financial Supervisory Service's Electronic Disclosure System at http://dart.fss.or.kr).

Signatures: At the bottom of the proxy form, provide your Date of Birth (or Business Registration Number for corporate shareholders), followed by your Full Name (for corporations, provide both the Corporate Name and the Representative’s Name) in your own handwriting, and then sign or affix your seal. Please also record the date and time of signing.

Supporting Documents: Attach a copy of your ID (for corporations: Business Registration Certificate and Corporate Seal Certificate) and submit it to one of the submission locations listed above. For corporate shareholders, a copy of the Business Registration Certificate is required even if a corporate seal is used.

5. Required Documentation for Exercising Voting Rights

In-person Attendance: Your valid ID (Resident Registration Card, Driver’s License, or Passport).

Delegation to an Agent (Electronic or Written Proxy): The completed Proxy Form and a copy of the Shareholder's ID (Resident Registration Card, Driver’s License, or Passport).

6. Other Important Notes (Duplicate Voting, etc.)

If you receive proxy solicitations from both this solicitor (Sang-mok Lee) and DB HiTek Co., Ltd. simultaneously, you must clearly indicate your intended recipient and voting direction. Submitting proxies to both parties may cause issues in exercising your voting rights due to duplication. Please note that even if you have expressed your intent to delegate to another party, you may withdraw that intent at any time.

If duplicate proxies are submitted to different solicitors, we may contact you via telephone on the day of the General Meeting to confirm your actual intent or final voting direction. Therefore, we kindly request that you provide a reachable mobile phone number on the proxy form.

Period of delegation by

Electronic Power of Attorney Forms

Proxies may be granted via mail, fax, SMS, KakaoTalk, electronic document, or email until
the commencement of the Annual General Meeting of Shareholders on March 24,
2026. The detailed procedures are as follows:

1. Contact Information of the Solicitor/Agent

Name: Lee Sang-mok

Phone: +82-10-9434-9919

Email: sangmok8611@gmail.com

2. Where to Submit Proxies

Mail & In-person: Room 110, 17th Floor, O2 Tower, 83 Uisadang-daero,
Yeongdeungpo-gu, Seoul, Republic of Korea (Yeouido-dong)

Electronic Proxy: Conduit Co., Ltd. (Platform: Act). You may download the "Act"
application from the Google Play Store or Apple App Store to submit your proxy
electronically.

3. Submission Period

February 28, 2026 ~ March 24, 2026, until the commencement of the Annual
General Meeting (including any adjournments or postponements thereof).

4. Instructions for Completing the Proxy Form

Item 1 (Content of Proxy): Please enter your shareholder number, number of shares owned, number of voting shares, and the number of shares you wish to delegate. It is
acceptable to leave the shareholder number and share counts blank. Unless a specific
number of shares is stated or only a partial delegation is explicitly indicated, it will be
assumed that all shares held in the Register of Shareholders are being delegated.

Item 2 (Agenda and Voting): Please indicate "FOR" or "AGAINST" for each agenda item according to your preference. (For details on the agenda items, please refer to the Financial Supervisory Service's Electronic Disclosure System at http://dart.fss.or.kr).

Signatures: At the bottom of the proxy form, provide your Date of Birth (or Business Registration Number for corporate shareholders), followed by your Full Name (for
corporations, provide both the Corporate Name and the Representative's Name) in
your own handwriting, and then sign or affix your seal. Please also record the date and time of signing.

Supporting Documents: Attach a copy of your ID (for corporations: Business
Registration Certificate and Corporate Seal Certificate) and submit it to one of the
submission locations listed above. For corporate shareholders, a copy of the Business Registration Certificate is required even if a corporate seal is used.

5. Required Documentation for Exercising Voting Rights

In-person Attendance: Your valid ID (Resident Registration Card, Driver's License, or Passport).

Delegation to an Agent (Electronic or Written Proxy): The completed Proxy
Form and a copy of the Shareholder's ID (Resident Registration Card, Driver's License, or Passport).

6. Other Important Notes (Duplicate Voting, etc.)

If you receive proxy solicitations from both this solicitor (Sang-mok Lee) and DB HiTek Co., Ltd. simultaneously, you must clearly indicate your intended recipient and voting direction. Submitting proxies to both parties may cause issues in exercising your voting rights due to duplication. Please note that even if you have expressed your intent to delegate to another party, you may withdraw that intent at any time.

If duplicate proxies are submitted to different solicitors, we may contact you via
telephone on the day of the General Meeting to confirm your actual intent or final
voting direction. Therefore, we kindly request that you provide a reachable mobile
phone number on the proxy form.

PC/Desktop: https://evote.ksd.or.kr

Mobile: https://evote.ksd.or.kr/m

Electronic Voting Instructions (K-VOTE)

Availability:

Accessible 24 hours a day during the voting period.

(Note: The system opens at 9:00 AM on the first day and
closes at 5:00 PM on the final day.)

Shareholder Authentication and Voting:

Shareholders must verify their identity using a certificate on
 the system before exercising their voting rights for each
agenda item.

Types of Acceptable Certificates:

Joint Certificates (formerly Accredited Certificates)

Private Certificates (Limited to those officially supported by
the K-VOTE system)

Treatment of Amended Motions:

In the event that an amended motion is submitted regarding
an agenda item presented at the General Meeting of Shareholders,
any electronic votes previously cast for that item will be processed
as an abstention.

As voting devices will be provided to all shareholders attending the General Meeting, prior submission
of proxy forms and related documents is required for the verification of proxy authority.

PC/Desktop: https://evote.ksd.or.kr

Mobile: https://evote.ksd.or.kr/m

Electronic Voting Instructions (K-VOTE)

Availability:

Accessible 24 hours a day during the voting period.

(Note: The system opens at 9:00 AM on the first day and
closes at 5:00 PM on the final day.)

Shareholder Authentication and Voting:

Shareholders must verify their identity using a certificate on
the system before exercising their voting rights for each
agenda item.

Types of Acceptable Certificates:

Joint Certificates (formerly Accredited Certificates)

Private Certificates (Limited to those officially supported by
the K-VOTE system)

Treatment of Amended Motions:

In the event that an amended motion is submitted regarding
an agenda item presented at the General Meeting of Shareholders,
any electronic votes previously cast for that item will be processed
as an abstention.

As voting devices will be provided to all shareholders attending the General Meeting, prior submission of proxy forms and related documents is required for the verification of proxy authority.