[eDisclosure Notice] Hana Financial Group Issues 270 Billion KRW of Hybrid Capital Securities (Afternoon Summary)

[Asia Economy Reporter Hwang Yoon-joo] Hana Financial Group announced on the 25th that it has decided to issue 270 billion KRW worth of domestic bearer, unsecured, unsubordinated amortizing contingent convertible bonds (hybrid capital securities) for operating funds and debt repayment funds. Specifically, 78 billion KRW for operating funds and 192 billion KRW for debt repayment funds. The call option period was set between 5 and 10 years.

Hana Financial Group explained, "The coupon rate and maturity interest rate will be determined by reflecting the prevailing market interest rate at the time of issuance based on the results of future demand forecasts."

▲Nano CMS = Acquired patent rights for a sterilization device harmless to the human body.

▲Naver = Announced a private contract to receive 7.2 billion KRW in brand usage fees for 'Naver' from its affiliate Naver Financial from January 1 to December 31, 2023.

▲Hyundai Construction Equipment = Decided to provide a debt guarantee worth 53.3 billion KRW to its Indian affiliate. This amounts to 3.45% of its equity capital.

▲Eoflow = Announced the appointment of Heo Su-jin as a new outside director.

▲UbioLogics = Announced a decision to expand facilities worth 11.3 billion KRW to produce 59 million doses of cholera vaccine (Ubicol-Plus) finished products. This represents 9.5% of its equity capital. The investment period is from November 25, 2022, to June 30, 2025.

▲SUSAN Heavy Industries = Announced acquisition of 65.7% stake in its Vietnamese affiliate as consideration for a capital reduction in kind. It explained that the stake was acquired to partially recover shareholder contributions and for efficient corporate management.

Also, decided a 90% capital reduction for its subsidiary Duseong Special Vehicles. The number of shares after the capital reduction will be 34,340 shares, and the method of capital reduction is share cancellation through a capital reduction in kind.

▲AP System = Signed a supply contract worth 14.9 billion KRW for secondary battery manufacturing equipment with DNT. This is 2.8% of recent sales.

▲ESTECH = Following the resignation of CEO Ha Byung-wook, appointed Noh Gwang-seok as the new CEO.

▲Optrontec = Decided to provide a debt guarantee worth 5.5 billion KRW to its affiliate 'OPTRONTEC VINA CO., LTD.' This is 5.13% of its equity capital.

▲Parkers = Provided collateral worth 8.4 billion KRW to its subsidiary Allok. The collateral is for a 7 billion KRW loan borrowed by Allok from a small and medium enterprise, and the collateral provided is real estate.

▲Younghwa Metal = To improve financial structure and secure cash liquidity, disposed of land (3,482.7㎡) and buildings (2,197.76㎡) located at 423 Namyang-dong, Jinhae-gu, Changwon-si, Gyeongsangnam-do to DS Industry for 3.5 billion KRW. This is 1.65% of total assets.