[eDisclosure Notice] SillaJen "Largest Shareholder Commits to Capital Increase and Mandatory Holding of Shares" (Morning Summary)

On the 13th, when SillaJen resumed trading after 2 years and 5 months, the SillaJen stock price was displayed on the market board at the Korea Exchange in Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Minji Lee] On the 13th, SillaJen announced that it will implement capital commitment and voluntary lock-up of shares held by major shareholders to strengthen management sustainability.

The largest shareholder, M2N, and a major shareholder, New SillaJen Investment Association No.1, will commit to a lock-up of 18.75 million shares and 12.5 million shares of SillaJen, respectively, to ensure management stability and investor protection through responsible management.

Seo Hong-min, CEO and special related party of the largest shareholder, and the affiliate company Leadcorp, also plan to commit to a lock-up of shares held by M2N for responsible management to ensure management stability and investor protection.

Furthermore, until the voluntary protection deposit period for M2N shares issued to Chairman Seo Hong-min ends, DK Marine, the major shareholder of M2N, has pledged not to voluntarily dispose of the subject shares except for company management circumstances such as providing collateral for additional borrowing, fulfilling collateral supplementation obligations under collateral contracts, and exercising creditors' collateral rights.

▲ Ssangyong Motor = Announced a decision to raise 205.5 billion KRW through a third-party allotment paid-in capital increase to KG Mobility and others for operating funds.

▲ Gangwon Energy = Announced the signing of a supply contract worth 17.4 billion KRW with SK Eco Engineering for the SK CHEMICALS MU CHP - Steam Generator Package.

▲ Neofect = The Korea Exchange requested an inquiry disclosure by 6 p.m. on the 14th regarding significant market fluctuations.

▲ Dongyang File = Announced that there is no important information to disclose separately in response to the inquiry disclosure request related to significant market fluctuations.