SK Innovation : Decision on Paid-in Capital Increase (Material Business Matters of Subsidiary Company)

Decision on Paid-In Capital Increase (Material Business Matters of Subsidiary Company)

Subsidiary company

SK On Hungary Kft.

's material business matters to report

1. Class and number of new shares	Common stock (shrs.)	-
Different classes of stocks (shrs.)	-
2. Par value per share (KRW)	-
3. Total number of shares issued before increase of capital stock	Common stock (shrs.)	-
Different classes of stocks (shrs.)	-
4. Purpose of financing	Facility investment (KRW)	1,191,330,000,000
Business acquisition (KRW)	-
Operating capital (KRW)	-
Debt repayment (KRW)	-
Acquisition of securities issued by other corporations (KRW)	-
Other purposes (KRW)	-
5. Method of capital increase	Rights offering

[Rights Offering]

6. Issuing price of new shares	Final Issuing price	Common stock (KRW)	1,191,330,000,000
Different classes of stocks (KRW)	-
Expected issuing price	Common stock (KRW)	-	Expected date of finalization	-
Different classes of stocks (KRW)	-	Expected date of finalization	-
7. Calculation method of issuing price	Book Value Basis
8. Record date for new share allotment	-
9. Number of new shares per outstanding share	-
10. Preferential allotment ratio for employee stock ownership association (%)	-
11. Scheduled date of subscription	Employee shares ownership association	Start date	-
End date	-
Existing shareholders	Start date	-
End date	-
12. Date for payment of subscription money	2022-07-31
13. Plan for handling forfeited shares	-
14. Record date of dividend payout	-
15. Scheduled delivery date of new share certificates	-
16. Lead underwriter (in case of indirect offering)	-
17. Transfer of preemptive rights to new shares?	No
18. Date of board resolution (decision date)	2022-07-18
- Attendance of outside directors	Present (No.)	-
Absent (No.)	-
- Attendance of auditors (members of Audit Committee who are not outside directors)	-
19. Subject to filing of securities registration statement?	No
20. Reasons for exemption from filing securities registration statement, if exempted	Non listing, 100% owned foreign subsidary company is not subject to filing securities registration statement..
21. Subject to reporting to the Fair Trade Commission?	No
22. Other matters to be factored into investment decisions	1. As this captial increase is not issuing shares, number of shares and par value in above 1, 2 and 3. are blank. 2. Above 4. purpose of financing is for EV factory and G-VC EU construction and designated to facility investment. 3. Above 4. facility investment is caculated based on total capital increase amount, 900M$ and exchange rate of decision date, (1USD =1,323.7) and can be changed based on the actual exchange rate of capital increase. 4. Above 18 is the approval date of SK On Hungary Kft. CEO. 5. Below total assets of parent company is based on FY21 consolidated financial statements of SK Innovation. 6 This capital increase will be done by July, 31, 2022, and above article 12 is expected closing date. 7. Amount and schedule of caital increase can be changed based on govermental approval, or any other circumstances.
※ Related disclosure	2021-01-29 타법인주식및출자증권취득결정 2022-06-30 타법인주식및출자증권취득결정(자율공시)(자회사의 주요경영사항)

[Details of Subsidiary Company]

Name of subsidiary company	SK On Hungary Kft.	Name in English	SK On Hungary Kft.
- Representative	Hang Gi Moon
- Main business	Ev Battery Cell manufacturing and sales
- Major subsidiary company?	No
Total assets of subsidiary company (KRW)	1,443,561,000,000
Consolidated total assets of parent company (KRW)	49,557,440,204,000
Ratio to consolidated total assets of parent company (%)	2.91