Solus Advanced Materials Participates in 240 Billion KRW Capital Increase of Luxembourg Subsidiary

[Asia Economy Reporter Lee Seon-ae] Solus Advanced Materials announced on the 28th that it will participate in the paid-in capital increase of its subsidiary, Luxembourg Volta Energy Solutions S.a r.l. The newly acquired shares amount to 6,304,685 shares, valued at 243.15909 billion KRW. The purpose is to raise investment funds for the issuing company's entry into the North American market, maintain the company's shareholding ratio, and prevent share dilution.