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

[Asia Economy Reporter Yoo Hyun-seok] In the second week of this month (December), Dongbang, MFM Korea, Hanamicron, and Giant Step will proceed with rights offerings.

◆Dongbang= Dongbang will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock subscription will take place on the 6th. From the same day until the 7th, existing shareholders can subscribe and oversubscribe, followed by a general public offering on the 9th and 10th.

The issue price is 2,875 KRW. A total of 8 million shares will be issued to raise 23 billion KRW. The raised funds will be fully used to repay debts from the 99th private bonds, commercial paper, and the 100th private bonds.

Dongbang was established in 1965. It has built a network system through major ports and logistics hubs and operates port stevedoring and land and sea transportation businesses. It is engaged in logistics businesses such as heavy cargo transportation and installation, third-party logistics (3PL), container terminal, and logistics center operations.

◆MFM Korea= MFM Korea will conduct a rights offering followed by a general public offering for unsubscribed shares. Existing shareholders and oversubscription will be conducted from the 6th to the 7th, followed by a general public subscription on the 8th. The general public offering will be held on the 9th and 10th.

The issue price is 1,355 KRW. A total of 10 million shares will be issued to raise 13.5 billion KRW. Of the raised funds, 8.5 billion KRW will be used as operating funds for raw material purchases, and 5 billion KRW will be used to repay debts including the KB Securities-related bridge loan.

MFM Korea is an apparel original equipment manufacturer (OEM). It mainly produces knitwear and exports overseas. Major production brands include AEROPOSTALE, VANS, NAUTICA, and QUIKSILVER.

◆Hanamicron= Hanamicron will conduct a rights offering followed by a general public offering for unsubscribed shares. Existing shareholders will subscribe on the 8th and 9th, followed by a general public subscription on the 13th and 14th.

The final issue price is expected to be announced on the 6th. The first issue price is 18,150 KRW. A total of 8 million shares will be issued to raise 145.2 billion KRW. Of the funds, 107.4 billion KRW will be used as facility funds to secure production capacity in response to the non-memory TEST market, 3 billion KRW will be used to purchase raw materials for the packaging process, and 34.4 billion KRW will be reserved as contingency funds.

Hanamicron was established on August 23, 2001, and entered the KOSDAQ market on October 11, 2005. It is engaged in semiconductor assembly (packaging) and inspection businesses.

◆Hyundai Doosan Infracore= Hyundai Doosan Infracore will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock ownership association subscription will be accepted on the 8th. From the same day until the 9th, existing shareholders can subscribe. General public subscription will be held on the 13th and 14th.

The final issue price is expected to be announced on the 6th. The second issue price is 6,320 KRW, with a total of 115.11 million shares issued to raise 727.5 billion KRW. Of this, 605 billion KRW will be used for debt repayment. 305 billion KRW will be used to repay short-term borrowings related to the acquisition of shares in the major subsidiary DICC FI, 300 billion KRW will be used to reduce borrowings and improve the debt ratio, and the remaining 122.5 billion KRW will be used for new business ventures.

Hyundai Doosan Infracore manufactures and sells construction heavy equipment and engines.

◆Giant Step= Giant Step will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock ownership association subscription will be held on the 9th, and existing shareholder subscription will be conducted from the same day until the 10th. General public subscription will be held on the 14th and 15th.

The final issue price is expected to be announced on the 7th. The first issue price is 78,100 KRW, with a total of 1.26 million shares issued to raise 98.5 billion KRW. Of the raised funds, 15 billion KRW will be used to expand virtual production infrastructure. Another 15 billion KRW will be invested in research and development (R&D) and labor costs. The remaining 68.5 billion KRW will be used for subsidiary acquisitions to expand the metaverse new business.

Founded in 2008, Giant Step is a specialized company in advertising and video VFX (visual effects) and real-time content solutions.

◆Joil Aluminum= Joil Aluminum will conduct a rights offering followed by a general public offering for unsubscribed shares. Employee stock ownership association subscription will be held on the 9th. Existing shareholder subscription will be conducted from the same day until the 10th, followed by a general public subscription on the 14th and 15th.

The final issue price will be decided on the 7th. The first issue price is 1,650 KRW, with a total of 20 million shares issued to raise 33 billion KRW. Of the raised funds, 12 billion KRW will be used for facility investments such as hot rolling equipment. The remaining 21 billion KRW will be used to repay funds for raw material purchases (aluminum ingot, aluminum slab) through letters of credit (LC) opened at financial institutions.

Joil Aluminum is a specialized aluminum company. It supplies various products that utilize aluminum’s characteristics, including various architectural interior and exterior materials, automotive materials, soundproof walls, printing plates, insulation materials, cosmetic containers, electronic components, and kitchenware.