Decision on Paid-In Capital Increase (Material Business Matters of Subsidiary Company)
Subsidiary company NEXILIS MANAGEMENT MALAYSIA SDN. BHD. 's material business matters to report
1. Class and number of new shares Common stock (shrs.) 0
Different classes of stocks (shrs.) 3,413,312
2. Par value per share (KRW) 29,297
3. Total number of shares issued before increase of capital stock Common stock (shrs.) 9,072,173
Different classes of stocks (shrs.) 3,558,983
4. Purpose of financing Facility investment (KRW) -
Business acquisition (KRW) -
Operating capital (KRW) -
Debt repayment (KRW) -
Acquisition of securities issued by other corporations (KRW) 100,000,000,000
Other purposes (KRW) -
5. Method of capital increase Third-party allotment
[Third-party Allotment]
6. Issuing price of new shares Common stock (KRW) -
Different classes of stocks (KRW) 29,297
7. Discount or premium ratio to the standard price of share (%) -
8. Basis for articles of association In accordance with Article 6 of the Articles of Incorporation, notwithstanding Article 76 of the Malaysian Companies Act (If the company issues new stocks, shareholders who already hold stocks of the same type as the stocks the company intends to issue have priority over others and have the right to receive Preemptive Right according to their share ratio), the company may allocate the Preemptive Right to a third party by resolution of the board of directors.
9. Date for payment of subscription money 2022-06-16
10. Record date of dividend payout -
11. Scheduled delivery date of new share certificates 2022-06-16
12. Concerning investment in kind
- Invested in kind? Not applicable
- Unlisted shares among investment in kind? Not applicable
- Price of shares scheduled to be contributed in kind Investment in kind amount (KRW) -
Ratio to total assets of the latest fiscal year (%) -
- Number of shares scheduled to be contributed -
13. Date of board resolution (decision date) 2022-06-14
- Attendance of outside directors Present (No.) -
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
14. Subject to filing of securities registration statement? No
15. Reasons for exemption from filing securities registration statement, if exempted It is not a public offering or sale.
(issued to less than 50 shareholders)
16. Subject to reporting to the Fair Trade Commission? No
17. Other matters to be factored into investment decisions - This disclosure is being made since the amount of capital increase through the issuance of redeemable convertible preferred stocks (KRW 100 billion) by NEXILIS MANAGEMENT MALAYSIA SDN. BHD, the subsidiary corresponds to more than 2.5% of the equity capital of SKC, the parent company (KRW 2.2824 trillion) for the latest fiscal year.

- With this funding, NEXILIS MANAGEMENT MALAYSIA SDN. BHD. plans to invest in SK NEXILIS MALAYSIA SDN. BHD., a Malaysian copper foil production corporation.

- The "2. Par value per share (KRW)" and the "6. Issuing price of new shares" are the amount converted into the Korean Won by applying the par value of 100 MYR per share at the exchange rate of June 14, 2022 (KRW 292.970581066132/MYR) on the date of its board meeting.

- The above "4. Purpose of Funding - Acquisition of securities issued by other corporations (KRW)" is the amount converted into KRW by applying the transaction exchange rate as of June 14, 2022 (292.970581066132 / MYR) to 3,413,312 common shares x 100 MYR/share.

- The above "10. Record date of dividend payout" is not applicable as it is issued as non-dividend stock.

- The "Details of Subsidiary Company" below is based on the financial statements as of the end of 2021.
※ Related disclosure2021-12-15 Decision on Paid-in Capital Increase (Material Business Matters of Subsidiary Company)
[Basis in Articles of Association, Purpose, etc]
Basis Purpose
In accordance with Article 6 of the Articles of Incorporation, notwithstanding Article 76 of the Malaysian Companies Act (If the company issues new stocks, shareholders who already hold stocks of the same type as the stocks the company intends to issue have priority over others and have the right to receive Preemptive Right according to their share ratio), the company may allocate the Preemptive Right to a third party by resolution of the board of directors. In order to obtain the necessary funds for the expansion of the Malaysia copper foil production facility in a timely manner
[Details of Third-party Allotment]
Name of the third party Relationship to company or the largest shareholder Reason for selection Details of trading & planning within six months before and after decision on capital increase Number of shares allotted (shrs.) Remarks
Leo 6th Co., Ltd. Others In order to obtain the necessary funds for the expansion of the Malaysia copper foil production facility in a timely manner, it is calculated by comprehensively considering the investor's ability to pay, investment conditions, and timing. NEXILIS MANAGEMENT MALAYSIA SDN. NEXILIS MANAGEMENT MALAYSIA SDN. BHD. issued a redeemable convertible preferred stocks (KRW 100 billion ) through a capital increase on December 16, 2021 to Leo 6th Co., Ltd. 3,413,312 -
[Details of Subsidiary Company]
Name of subsidiary company NEXILIS MANAGEMENT
MALAYSIA SDN. BHD.		 Name in English NEXILIS MANAGEMENT
MALAYSIA SDN. BHD.
- Representative Dong-hwan Shin
- Main business Investment business
- Major subsidiary company? No
Total assets of subsidiary company (KRW) 186,674,563,287
Consolidated total assets of parent company (KRW) 6,180,132,503,610
Ratio to consolidated total assets of parent company (%) 3.02

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SKC Ltd. published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 05:02:02 UTC.