Wingip Food Holdings announced in a regulatory filing on the 29th that it has decided on a third-party allotment capital increase worth 22.4 billion won to secure operating funds.

Through this capital increase, the company plans to issue 14 million shares of common stock at 1,600 won per share to raise a total of 22.4 billion won. The secured funds will be used for everyday operating expenses, including product procurement costs, marketing expenses, and research and development (R&D) costs.

• *Key Schedule and Issuance Terms**
• New share payment date: August 10, 2026
• Expected new share listing date: September 9, 2026
• Mandatory lock-up: The new shares issued will be subject to a mandatory lock-up period of one year in accordance with relevant regulations.

• *Third-Party Allotment Recipients and Allocations**
• This capital increase will be conducted targeting a total of three parties, including the largest shareholder. The company explained that it selected the recipients after comprehensively considering factors such as their ability to pay the share subscription amount, in order to raise the funds necessary for management.
• WANG TINGFENG (Largest Shareholder): 7 million shares
• WONG SIO CHAN: 3.5 million shares
• RUI XING INTERNATIONAL HOLDINGS LIMITED: 3.5 million shares

Meanwhile, this capital increase agenda must receive final approval through a special resolution at an extraordinary general meeting of shareholders scheduled for August 10, 2026. If it is not approved at the shareholders' meeting, the original capital increase plan may be modified or canceled.