[This Week's Paid-in Capital Increase] September Second Week Public Offering Schedule

[Asia Economy Reporter Hyunseok Yoo] In the second week of this month (September), Studio Santa Claus, Cherryburo, and GH Shinsojae will proceed with rights offerings.

◆Studio Santa Claus= Studio Santa Claus will conduct a general public subscription from the 8th to the 9th.

The fixed issue price is scheduled to be announced on the 6th. The currently decided issue price is 1,690 KRW, and a total of 60.8 billion KRW will be raised.

It plans to use 6.7 billion KRW for facility funds, 43.4 billion KRW for operating funds, and 10.7 billion KRW for acquiring securities of other companies.

In April, Studio Santa Claus’s subsidiary Santa Claus Village announced the acquisition of land and buildings from Jeju Castle Mountain. The company plans to use the funds for acquiring securities of other companies as intermediate and final payments for the resort acquisition. Additionally, 6.7 billion KRW will be invested in facility funds to build a complex cultural center. Furthermore, 43.4 billion KRW will be used for drama production and other purposes.

The company changed its name from Huive Brothers Korea to Fleetro on July 22, 2020. Later, on September 3, 2020, it changed to its current name. It operates entertainment businesses including management, film, and drama production.

◆Cherryburo= Cherryburo will conduct a rights offering subscription from the 8th to the 8th, followed by a general public subscription from the 13th to the 14th of the same month.

The fixed issue price is scheduled to be announced on the 6th. The currently decided issue price is 1,505 KRW, and a total of 28.6 billion KRW will be raised.

It plans to use 3.4 billion KRW for operations and 25.2 billion KRW for debt repayment. Specifically, 15.2 billion KRW will be used to repay a bridge loan related to KB Securities, and 10 billion KRW will be used to repay bonds with warrants. Additionally, 3.4 billion KRW will be used for feed purchases.

Cherryburo, a chicken-specialized company famous for 'Cheogajip Seasoned Chicken,' was established in 1991. It was listed on the KOSDAQ market on December 4, 2017. Utilizing its chicken-related subsidiaries, it has built vertical integration from breeding, hatching, feed, slaughtering, processing, to distribution.

◆GH Shinsojae= GH Shinsojae will conduct a rights offering subscription from the 9th to the 10th, followed by a general public subscription from the 15th to the 16th.

The fixed issue price will be announced on the 7th. The currently decided issue price is 6,810 KRW, and a total of 24.1 billion KRW will be raised.

It plans to use 7.3 billion KRW for facilities, 12.4 billion KRW for operations, and 4.3 billion KRW for debt repayment, totaling 24 billion KRW.

Specifically, it plans to invest 6.2 billion KRW and 1.1 billion KRW respectively for new equipment investments in the nonwoven fabric division and the yarn division. Additionally, it will use 7.8 billion KRW, 2 billion KRW, and 2.7 billion KRW respectively for raw material purchases for these divisions and the MB division. Furthermore, 4.3 billion KRW will be spent to repay part of the borrowings from financial institutions.

GH Shinsojae was established in 1979. It produces and supplies nonwoven fabric materials and polyurethane.