[This Week's Paid-in Capital Increase] Paid-in Capital Increase in the First Week of December

[Asia Economy Reporter Yoo Hyun-seok] In the first week of this month (December), Maniker will proceed with a rights offering.

◆Maniker= Maniker will conduct a rights offering through a general public subscription of forfeited shares after shareholder allocation. On the 2nd of next month, subscription will be open to the employee stock ownership association, and from the same day until the 3rd, subscriptions will be accepted from existing shareholders. Then, from the 7th to the 8th, a general public subscription will be conducted.

The finalized issue price is scheduled to be announced on the 30th. The first issue price is set at 1,420 KRW, with a total issuance of 23.82 million shares, aiming to raise 33.8 billion KRW. Of this, 30 billion KRW will be used to repay short-term borrowings. Additionally, 3.8 billion KRW will be allocated as operating funds for expenses such as breeding costs.

Maniker primarily operates in the production and sales of broiler products. According to consolidated figures for the third quarter, cumulative sales reached 185.4 billion KRW, with an operating loss of 9.5 billion KRW. Compared to the same period last year, the deficit has decreased, and sales increased by 15.6%.