Hanwha Solutions Faces Preliminary Designation as Unfaithful Disclosure Entity After Paid-in Capital Increase Adjustment

On April 17, the Korea Exchange announced a preliminary designation of Hanwha Solutions as an unfaithful disclosure entity due to changes in its public disclosure.

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On March 26, Hanwha Solutions disclosed plans for a paid-in capital increase worth KRW 2.4 trillion (72 million shares).

However, on this day, the company issued a corrected disclosure, reducing the amount to approximately KRW 1.8144 trillion (56 million shares). This represents a 24.4% decrease compared to the initial plan by amount, which meets the regulatory sanction threshold of a "change of 20% or more" under disclosure rules.

According to the disclosure regulations of the KOSPI market, if there is a change of 20% or more in key management matters such as the issuance amount after public disclosure, the company may be designated as an unfaithful disclosure entity.

Hanwha Solutions may file an objection by April 28, and the final designation and penalty points will be determined after a review by the Listing Disclosure Committee.

Currently, the company has zero accumulated penalty points, but if 10 or more points are imposed due to this incident, trading of the shares could be suspended for one day.

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