Vivian will carry out a third-party placement capital increase of approximately 5 billion won to raise operating funds.

Vivian announced on the 19th that it held a board meeting and decided on a third-party placement capital increase to issue 805,152 common shares. The total amount expected to be raised through this capital increase is 4,999,993,920 won, and the new share issue price has been set at 6,210 won per share.

The issue price was calculated by applying a 10% discount rate in accordance with the 'Regulations on the Issuance and Disclosure of Securities' to the base share price (6,897.95 won). The new share payment date is June 29, and the scheduled listing date for the new shares is July 10. The newly issued shares will be subject to a mandatory holding period (lock-up) for one year.

The raised funds will be entirely used as operating capital. Specifically, they will be allocated to cover payment costs for goods and other expenses, supporting the company's smooth financial operations.

The designated recipient of this third-party placement is Base100. The company explained that it selected the firm as the recipient to swiftly raise necessary management funds and in consideration of future business relationships. A total of 805,152 shares will be allocated to Base100.

Meanwhile, Base100 is a corporation established in 2026 with two investors. CEO Ahn Seung-taek is the largest shareholder, holding 60% of the total stake.