Hanwha Energy Acquires All Shares of Hanwha Co., Ltd. Held by Korea Zinc (Update)

Hanwha "Strengthening Responsible Management and Enhancing Shareholder Value"

Hanwha Energy will acquire all shares of Hanwha Co., Ltd. held by Korea Zinc.

On the 6th, Hanwha Energy held a board meeting and decided to acquire 7.25% of Hanwha Co., Ltd. shares held by Korea Zinc at 27,950 KRW per share. The transaction price was calculated based on the average stock price over the past 30 days.

The share transaction was mutually agreed upon between Hanwha Energy and Korea Zinc, with both companies determining that the deal aligns with their mutual interests.

With the share purchase, Hanwha Energy's stake in Hanwha Co., Ltd. will increase from 14.90% to 22.16%. Consequently, the Hanwha Group's major shareholders (including related parties) will hold 55.83% of Hanwha Co., Ltd. shares.

This also helps eliminate the possibility of Korea Zinc selling its shares on the market, thereby enhancing the interests of general shareholders.

The Hanwha Group plans to continue holding its shares in Korea Zinc, owned by Hanwha Co., Ltd. and Hanwha Impact, and to maintain business cooperation in the eco-friendly energy sector.