Report of Disclosure Revision
Revision Date 2022-03-24
1. Disclosure Documents in relation with Revision Decision on Paid-In Capital Increase (Material Business Matters of Subsidiary Company)
2. Submission date of documents 2022-03-24
3. Reason for Revision Confirmation of schedule
4. Revised Information
information before revision after revision
8. Reference date for new share allotment 2022-04-28 2022-03-28
11. Scheduled date of subscription Start date: 2022-04-29
End date: 2022-04-29		 Start date: 2022-03-29
End date: 2022-03-29
12. Date for payment of subscription money 2022-04-29 2022-03-29
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Decision on Paid-In Capital Increase (Material Business Matters of Subsidiary Company)
Subsidiary company Ecovance Co., Ltd. (tentative) 's material business matters to report
1. Class and number of new shares Common stock (shrs.) 7,900
Different classes of stocks (shrs.) -
2. Par value per share (KRW) 5,000
3. Total number of shares issued before increase of capital stock Common stock (shrs.) 10
Different classes of stocks (shrs.) -
4. Purpose of financing Facility investment (KRW) 79,000,000,000
Business acquisition (KRW) -
Operating capital (KRW) -
Debt repayment (KRW) -
Acquisition of securities issued by other corporations (KRW) -
Other purposes (KRW) -
5. Method of capital increase Rights offering
[Rights Offering]
6. Issuing price of new shares Final Issuing price Common stock (KRW) 10,000,000
Different classes of stocks (KRW) -
Expected issuing price Common stock (KRW) - Expected date of finalization -
Different classes of stocks (KRW) - Expected date of finalization -
7. Calculation method of issuing price Refer to "22. Other matters to be factored into investment decisions- e. Calculation basis for issuing price of new shares"
8. Record date for new share allotment 2022-03-28
9. Number of new shares per outstanding share 790
10. Preferential allotment ratio for employee stock ownership association (%) -
11. Scheduled date of subscription Employee shares ownership association Start date -
End date -
Existing shareholders Start date 2022-03-29
End date 2022-03-29
12. Date for payment of subscription money 2022-03-29
13. Plan for handling forfeited shares -
14. Record date of dividend payout 2022-01-01
15. Scheduled delivery date of new share certificates -
16. Lead underwriter (in case of indirect offering) -
17. Transfer of preemptive rights to new shares? No
18. Date of board resolution (decision date) 2021-12-07
- Attendance of outside directors Present (No.) -
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) Present
19. Subject to filing of securities registration statement? No
20. Reasons for exemption from filing securities registration statement, if exempted It does not fall under Article 9
Paragraph 7 of the Financial
Investment Business and Capital
Markets Act, and the relevant
subsidiary is an unlisted entity.
21. Subject to reporting to the Fair Trade Commission? Yes
22. Other matters to be factored into investment decisions a. A disclosure is made since the subsidiary's amount of capital
increase with(KRW 79 billion)
corresponds to 2.5% or more of the equity(KRW 1.915 trillion) for the
latest business year of the parent company of SKC.

b. This is a transaction where
'Ecovance Co., Ltd. (tentative)'
receives the PBAT/PBS* production technology and related
intellectual property rights owned by SKC Co., Ltd., the largest
shareholder, and SKC receives all new shares(7,900 shares) issued by 'Ecovance Co., Ltd. (tentative)'.
* Polybutylene Adipate
Terephthalate("PBAT") and
Polybutylene Succinate("PBS")

c. The facility funds of "4.
Purpose of financing" are intended for constructing the PBAT plant of 'Ecovance Co., Ltd. (tentative)'.

d. The schedule and details above are subject to change according to the progress of the contract, etc.

e. Calculation method for "6.
Issuing price of new shares" :
'Ecovance Co., Ltd. (tentative)'
is an unlisted company and the
issuing price of 'Ecovance Co., Ltd. (tentative)' for the capital
increase is not subject to Article 5-18 "Issuing Price of Capital Increase with Consideration" of the
Regulations on the Issuance and
Disclosure of Securities, etc.,
which is a method of calculating
the offering price of capital
increase with consideration via
the issuance of market value of a listed company.

Accordingly, from the objective
standpoint of a third party, the
company requested Hana Appraisal
for a value estimation of PBAT/PBS production technology and related intellectual property rights owned by SKC Co., Ltd., which will be invested in kind for 'Ecovance Co., Ltd. (tentative).'

The assets invested in kind were
valued at KRW 79 billion, and the extraordinary general meeting of 'Ecovance Co., Ltd. (tentative)'
decided the issuing price at KRW
10,000,000 per share (a 2,000
times premium was issued as a
capital increase with
consideration allocated 100% for
the shareholders.)

f. "18. Date of board resolution (decision date)" is the date of the extraordinary general meeting of 'Ecovance Co., Ltd. (tentative).'

g. "15. Scheduled delivery date
of new share certificates" above is not applicable since the share certificates have not been issued.

h. The subsidiary in [Details of Subsidiary Company] below was newly incorporated in November 2021, and hence, the financial information
has not been entered, and the
total amount of consolidated assetof the parent company is based on the consolidated financial
statements of the parent company
at the end of the latest business year (end of 2020).
※ Related disclosure 2021-11-25 Decision on Acquisition of Shares or Investment Certificates of Other Corporations
[Details of Subsidiary Company]
Name of subsidiary company Ecovance Co., Ltd.
(tentative)		 Name in English Ecovance Co., Ltd.
- Representative Junghwan Shin
- Main business PBAT production/sales
(Polybutylene Adipate Terephthalate)
- Major subsidiary company? No
Total assets of subsidiary company (KRW) -
Consolidated total assets of parent company (KRW) 5,406,405,840,533
Ratio to consolidated total assets of parent company (%) -

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SKC Ltd. published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 08:07:04 UTC.