SKC to Dispose of 2,503,803 Treasury Shares...Issuance of Exchangeable Bonds

On June 26, SKC announced through a disclosure on the Financial Supervisory Service's electronic disclosure system that it will dispose of 2,503,803 common shares for 260 billion KRW. The scheduled date of disposal is June 30. The company stated that the purpose of the disposal is "the issuance of exchangeable bonds for which treasury shares are the subject of exchange."

SKC will issue bearer, coupon, unsecured, privately placed, perpetual exchangeable bonds. The exchange price for these bonds is set at 103,842 KRW per share of the exchangeable stock. This exchange price is calculated based on the higher value between the arithmetic average of the one-month, one-week, and most recent weighted average share prices of the exchangeable stock, retroactively calculated from May 28, the day before the board resolution for the bond issuance, and the most recent weighted average share price. The initial exchange price is set at 112% of the reference price, rounded up to the nearest whole unit.

The exchange request period runs from July 30, 2025 to May 30, 2055.

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