Completion of 1.167 Trillion Won Rights Offering for Glass Substrate Investment and Financial Structure Improvement

SKC completed a 1.167 trillion won rights offering and public subscription (issue price 99,500 won, 11,730,000 new shares; listing date June 8, 2026)
Proceeds: 589.6 billion won for Absolics Inc.'s glass substrate mass production system; 577.5 billion won for debt repayment
Dilution: shares outstanding increase from 37,868,298 to 49,598,298 (approx. 31%)
Public offering subscription ratio 1,091.95:1, full subscription with no unsubscribed shares
Largest shareholder SK (주) subscribed 100% of rights plus oversubscription (120%), stake up from 40.64% to 42.07%
Post-offering debt ratio expected to improve from 232.75% to 129.58% after debt repayment
Glass substrate commercialization delayed but customer certification ongoing; total 589.6 billion won investment planned for 2026-2028