SK ie Technology has decided to carry out a paid-in capital increase of approximately KRW 249.887 billion for its 100%-owned Chinese subsidiary, 'SK Hi-tech Battery Materials (Jiangsu) Co., Ltd.' The funds raised this time will be entirely allocated to repaying the subsidiary's debt.

According to the regulatory filing, the board of directors of SK ie Technology passed the proposal on June 26, 2026, with the scheduled payment date set for July 15, 2026. The capital increase will be conducted through a shareholder-allotment method, but since no new shares will be issued, the number of outstanding shares of the subsidiary will remain unchanged before and after the capital increase.

The KRW 249.887 billion to be injected is the equivalent of CNY 1.1 billion, converted at the initial announced reference exchange rate of KRW 227.17 per CNY. However, the company explained that the actual payment amount in Korean won may fluctuate depending on the exchange rate applicable on the payment date of July 15, 2026.

The target entity of the capital increase, 'SK Hi-tech Battery Materials (Jiangsu) Co., Ltd.,' is a key subsidiary of SK ie Technology whose main business is the production and sale of battery separators. As of the end of 2025, the subsidiary's total assets stood at approximately KRW 683.422 billion, accounting for 15.56% of the controlling company's consolidated total assets.