[eDisclosure Notice] Hyundai Steel Completes Flood Damage Recovery at Pohang Plant, etc. (Morning Summary)

[Asia Economy Reporter Kwon Jae-hee] Hyundai Steel announced on the 6th that it will resume production of long products and medium-term products following the completion of equipment restoration from flood damage at its Pohang plant. The sales revenue from the production resumption is estimated at 2.2883 trillion KRW, which corresponds to 10% of the 2021 sales revenue.

Below are the major disclosures released that morning.

▲ NHN = Regarding the article titled "Will NHN Cloud Become a Unicorn?" reported by Korea Economic Daily, NHN disclosed on the 6th that "Our company and our subsidiary NHN Cloud Co., Ltd. are conducting various strategic reviews on investment attraction including NHN Cloud Co., Ltd.'s paid-in capital increase, but no specific decisions or confirmations have been made at this time."

▲ TapeX = Announced on the 6th that it will invest 68 billion KRW to establish a manufacturing plant and production facilities for tapes used in secondary batteries. This amount corresponds to 51.8% of the company's equity capital. The company stated, "This is to proactively secure new business sites and production capacity in response to the growth of the secondary battery business."

▲ Shinwon Comprehensive Development = Announced on the 6th that it signed a supply contract worth 12.9 billion KRW with Wonik Materials Co., Ltd. for the expansion construction of Wonik Materials' office building. This amount corresponds to 9.28% of the 2021 sales revenue. The contract period is from October 5, 2022, to August 31, 2023.

▲ BioLog Device = Announced on the 6th that outside director Kim Seon-gyu voluntarily resigned due to personal reasons.

▲ BioPlus = Announced on the 6th that it resolved to issue 20 billion KRW worth of registered non-voting redeemable convertible preferred shares to Lindeman Woori Technology Finance Investment Association No. 13 and others to raise 19.9 billion KRW in facility funds. The issue price per share is 28,950 KRW, and the number of shares to be issued is 690,845.