Ecopro and Ecopro HN Decide on 120% Subscription for Paid-in Capital Increase

On the 25th, EcoPro announced that it will invest a total of 60.6 billion KRW to secure 1,715,695 common shares in the rights offering of its family company, EcoPro HN, where it is the largest shareholder.

EcoPro's basic allocation of new shares is 1,429,746 shares, but it decided to purchase shares up to the maximum limit of 20% for additional subscription rights granted to existing shareholders.

EcoPro stated, "We decided to participate in the rights offering at 120% subscription to support EcoPro HN's efforts to expand new businesses and secure future growth engines, as well as to strengthen the secondary battery value chain within the group and maximize business synergy."

EcoPro HN will finalize the issue price in December and proceed with the rights offering subscription process. The new shares are scheduled to be listed on December 26.

Through this rights offering, EcoPro HN will raise a total of 200.2 billion KRW. About half of this amount will be invested in expanding new businesses such as semiconductor materials and secondary battery materials.