SK GAS CO., LTD. Decision on Provision of Collateral for Others
| 1. Debtor | Ulsan GPS Corporation | |
| - Relationship to company | Affiliated company | |
| 2. Creditor | Project financing lenders including KB Kookmin Bank and etc. | |
| 3. Amount of debt (borrowing) (KRW) | 752,000,000,000 | |
| 4. Details of collateral provision | Amount of collateral (KRW) | 461,211,616,769 |
| Equity capital (KRW) | 2,117,363,391,889 | |
| Ratio to equity capital (%) | 21.78 | |
| Classified as a large-sized corporation? | Yes | |
| Asset provided as collateral |
1. Shares issued by Ulsan GPS Co., Ltd. and owned by SK Gas Co., Ltd. 2. Certificates of beneficiary right under a real estate security trust contract | |
| Period of collateral provision | Start date | 2022-10-01 |
| End date | 2045-10-01 | |
| 5. Total balance of collateral provided (KRW) | 1,265,751,616,769 | |
| 6. Date of board resolution (decision date) | 2022-05-19 | |
| - Attendance of outside directors | Present (No.) | 4 |
| Absent (No.) | 0 | |
| - Attendance of auditors (members of Audit Committee who are not outside directors) | - | |
| 7. Other matters to be factored into investment decisions | ||
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1) This is a case of providing certificates of beneficiary rights under a real estate security trust contract as collateral by placing the pledge right for all of the stocks to be held in the future and 68,624,700 shares of Ulsan GPS Co., Ltd. currently held by the company in accordance with the PF (Project Financing) financing agreement of Ulsan GPS Co., Ltd., the "1. Debtor" above. 2) The "3. Amount of debt (borrowing)" above is the amount of the PF loan agreement, and the collateral limit is set at KRW 902.4 billion, which is 120% of the debt amount. 3) Above the "Amount of collateral (KRW)" of "4. Details of collateral provision" above was applied with the book value standard of the stocks provided as collateral and land established in the real estate collateral trust contract. 4) The certificates of beneficiary right under the real estate collateral trust contract among the "Asset provided as collateral" of "4. Details of collateral provision" above is about providing as collateral after trusting the stake in the land under construction and the land to be held by SK Gas Co., Ltd. related to Ulsan GPS Co., Ltd. 5) In the "Period of collateral provision"of "4. Details of collateral provision" above, the start date is the expected date of the initial withdrawal of the PF loan, and the end date is the expected date of debt repayment according to the PF loan agreement of Ulsan GPS Co., Ltd., which may be changed later. 6) The "Equity capital" of "4. Details of collateral provision" above is based on our consolidated financial statements as of the end of 2021. 7) The "5. Total balance of collateral provided" above is the amount which includes the amount of collateral set this time. 8) As an additional agreement other than the provision of collateral, the Company has agreed to perform its obligation to supplement funds in the event of a lack of funds during the operating period of the debtor, Ulsan GPS Co., Ltd. (annual limit: about KRW 49.2 billion) 9) At this board of directors meeting, the authority to determine the details of the above and to implement them has been delegated to the CEO. 10) The details above may be changed depending on whether the relevant agencies have approved it, changes in the business environment, and the status of the business. 11) The relevant year of the "Condensed Financial Statements of Debtor" below is as of 2021, the latest business year. | ||
| ※ Related disclosure | - |
| Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income |
| Current fiscal year | 237,587 | 3,199 | 234,388 | 239,910 | 0 | -4,368 |
| Previous fiscal year | 81,627 | 2,005 | 79,622 | 79,910 | 0 | -3,803 |
| Two fiscal years prior | 28,423 | 9,557 | 18,866 | 149,100 | 0 | -13,061 |
| Debtor | Relationship | Balance of collateral established (KRW) | Period of collateral provision | Asset provided as collateral | Remarks |
| Ulsan GPS Co., Ltd. | Affiliated company | 461,211,616,769 | 2022.10.1~2045.10.1 | Shares issued by Ulsan GS Co., Ltd. and owned by SK Gas Co., Ltd. and certificates of beneficiary right under Real Estate Collateral Trust Contract | Disclosure this time |
| Goseong Green Power Co., Ltd. | - | 170,240,000,000 | 2022.2.24-upon termination of the pledge right | Shares of Goseong Green Power Co., Ltd. owned by SK Gas Co., Ltd. | Disclosure dated 2022.2.23 |
| Goseong Green Power Co., Ltd. | - | 1,900,000,000 | 2016.12.27-upon termination of the pledge right | Shares of Goseong Green Power Co., Ltd. owned by SK Gas Co., Ltd. | - |
| Korea Energy Terminal Co., Ltd. (KET) | - | 632,400,000,000 | 2020.10.7-Debt repayment date | Shares of Korea Energy Terminal Co., Ltd. owned by SK Gas Co., Ltd. | Disclosure dated 2020.10.7 |
| ※ Relevant statutes | Financial Investment Services and Capital Markets Act |
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SK GAS Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:44 UTC.
