Skylife Tv Co., Ltd. announced a placement of 100,000,000 common shares at an issue price of KRW 500 for gross proceeds of KRW 50,000,000,000 on June 8, 2023. The transaction will include participation from returning investor, KT Studio Genie Co.,Ltd. for 37,309,378 shares and KT Skylife Co., Ltd. for 62,690,622 shares. The transaction has been approved by board of directors of the company.

The expected date of payment is June 27, 2023. The method of capital increase is through shareholder allocation.