[This Week's Subscription Schedule] InnoInstrument, Rights Offering Subscription for Shareholders

[Asia Economy Reporter Hyungsoo Park] The public offering schedule in the domestic stock market for this week (March 30 to April 3) is as follows.

◆ Inno Instrument, General Public Offering of Unsubscribed Shares after Rights Offering = Inno Instrument, which produces optical fiber fusion splicers, a key product of optical communication equipment, is conducting a paid-in capital increase to raise funds for convertible bond redemption.

For every 1 existing share, 0.9860752371 new shares will be allocated. The new share issuance price will be determined on March 30, three trading days before the subscription date for existing shareholders. If new shares are issued at the expected price of 1,355 KRW, a total of 27.1 billion KRW will be raised. The raised funds will be used to respond to the early redemption request of the '3rd convertible bond' issued in April 2018.

The conversion price of the convertible bonds is 9,180 KRW, but as of the closing price on the 27th, it was 2,755 KRW, and an early redemption request has been made for the entire 30 billion KRW.

If the planned fundraising through the paid-in capital increase is delayed or the redemption funds are insufficient, the company plans to redeem using cash on hand or negotiate with lenders to extend the redemption maturity.

The subscription period for existing shareholders is from April 2 to 3. The subscription period for the general public offering of unsubscribed shares will be held for two days starting April 7. The lead underwriter for Inno Instrument's rights offering followed by a general public offering of unsubscribed shares is Eugene Investment & Securities.

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