HANWHA SYSTEMS CO., LTD. Decision on Acquisition of Shares or Investment Certificates of Other Corporations (Material Business Matters of Subsidiary Company)
| Subsidiary company | Hanwha Systems UK LTD | 's material business matters to report |
| 1. Details of issuing company | Name of company | OneWeb Holdings LTD | |
| Nationality | United Kingdom, UK | Representative | Neil Masterson |
| Capital stock (KRW) | - | Relationship to company | - |
| Total number of shares issued | 1,586,644 | Main business | Satellite communication service |
| 2. Details of acquisition | Number of shares to be acquired | 250,000 | |
| Acquisition cost (KRW) | 358,380,000,000 | ||
| Equity capital (KRW) | - | ||
| Ratio to equity capital (%) | - | ||
| 3. Number and ratio of shares held after acquisition | Number of shares held | 250,000 | |
| Shareholding ratio (%) | 8.81 | ||
| 4. Acquisition method | Cash | ||
| 5. Purpose of acquisition | Market penetration and global competitiveness | ||
| 6. Scheduled acquisition date | 2022-02-28 | ||
| 7. Date of board resolution (decision date) | 2022-02-22 | ||
| - Attendance of outside directors | Present (No.) | - | |
| Absent (No.) | - | ||
| - Attendance of auditors (members of Audit Committee who are not outside directors) | - | ||
| 8. Subject to reporting to the Fair Trade Commission? | No | ||
| 9. Signed a put option contract, etc.? | No | ||
| - Details of agreements | - | ||
| 10. Other matters to be factored into investment decisions |
- Hanwha Systems UK LTD., is an overseas subsidiary company, which is 100% owned by HSC. Hanwha Systems UK LTD., is to acquire OneWeb's shares by getting the contract transfer from HSC, which had been released by Public Disclosure on 12th Aug. 202 with the title of "Decision on Acquisition of Shares or Investment Certificates of Other Corporation." - Above Item No. 1., Total number of shares issued is as of 12th Aug. 2021. - Above Item No. 2., Acquisition cost is the amount converted from USD USD $300,000,000 to KRW. - Above Items No. 1. Capital stock of issuing company and No. 2. Details of acquisition, acquisition cost(KRW) are based on the basic exchange rate(KRW 1,194.60 /USD, KRW 1,624.66/GBP as of Feb. 22nd 2022(per the listed exchange rate of Seoul Money Brokerage Services.) - As Hanwha Systems UK LTD., is a company newly incorporated in Oct. 2022, above Item No.2 Details of acquisition, Equity capital and ration to equity capital((%) remain blank. - The transaction schedules may change depending on the consultations between the two companies. - Two fiscal years prior data in below "Condensed Financial Statements of Issuing Company" refers to year 2018 financial statements. - The issuing company OneWeb had gone bankrupt in March 2020 and moved out of the court protection in Nov. 2020. Because of this, the company couldn't finish the audit by an independent auditor. Therefore, Above No. 1., Capital stock, financial statements of previous fiscal year(2019) and current fiscal year(2020) in below "Condensed Financial Statements of Issuing Company" remain blank. | ||
| ※ Related disclosure |
2022-02-22 Decision on Acquisition of Shares or Investment Certificates of Other Corporations |
| Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income |
| Current fiscal year | - | - | - | - | - | - |
| Previous fiscal year | - | - | - | - | - | - |
| Two fiscal years prior | 2,854,724,565,000 | 1,277,561,670,000 | 1,577,162,895,000 | 1,990,092,720,000 | 0 | -246,001,140,000 |
| Name of subsidiary company | Hanwha Systems UK LTD | Name in English | Hanwha Systems UK LTD |
| - Representative | Dongwan Yoo | ||
| - Main business | Satellite communication service | ||
| - Major subsidiary company? | No | ||
| Total assets of subsidiary company (KRW) | - | ||
| Consolidated total assets of parent company (KRW) | 2,695,070,123,421 | ||
| Ratio to consolidated total assets of parent company (%) | 0.00 |
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Hanwha Systems Co. Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 04:01:06 UTC.
