[This Week's Paid-in Capital Increase] April Third Week Public Offering Schedule

[Asia Economy Reporter Hyunseok Yoo] In the third week of this month (April), Dawonsys will proceed with a paid-in capital increase through a rights offering followed by a general public offering of forfeited shares. From the 19th to the 20th, subscription for existing shareholders and oversubscription will take place, and from the 22nd to the 23rd, the general public offering subscription will be held.

Dawonsys was established in 1996 and entered the KOSDAQ market in 2010. It is a company specializing in power supply units. In 2007, it entered the electric train business. Based on power electronics technology, it operates in nuclear fusion power generation, radioactive waste treatment, plasma business, and electronic induction device business. Its subsidiaries include Dawon Nexview, Dawon Medax, Dawon Investor, and Dawon Next.

On a consolidated basis last year, Dawonsys recorded sales of 247.9 billion KRW and an operating profit of 16.4 billion KRW, representing increases of 41.6% and 98.8% respectively compared to the previous year. Last year, it improved its performance by securing orders for 210 cars of Seoul Metro Line 4 and the catenary-free low-floor tram for Busan Oryukdo Line.

Dawonsys will newly issue 4.5 million shares in this paid-in capital increase. This corresponds to 16.63% of the total issued shares of 27,064,407. The fixed issue price is 14,850 KRW per share. Through this capital increase, a total of 66.825 billion KRW will be raised. All the raised funds are planned to be used as operating capital. The funds will be used to purchase raw materials related to the electric train business, such as 150 units of the trunk-type electric multiple unit EMU-150.