Powernet Decides on Third-Party Allocation Paid-in Capital Increase Worth 3 Billion KRW

Powernet announced on the 23rd that it has decided to conduct a third-party allotment paid-in capital increase to raise approximately 3 billion KRW for operating funds and other purposes.

1,269,572 new common shares will be issued at 2,363 KRW per share. The third-party allotment recipient is the largest shareholder, Wizit Co., Ltd.