Sejong Telecom announced on the 6th that it has decided on a third-party allocated capital increase totaling 28 billion won to raise operational and facility funds.

The new shares to be issued through this capital increase amount to 4 million common shares, with an issue price of 7,000 won per share. The total number of existing issued shares is 10 million. The capital increase will be conducted through a private placement, exempting it from filing a securities registration statement. The payment date is July 16, and the new shares are scheduled to be listed on July 29. The allocated 4 million shares will be under lock-up for one year.

The specific uses of the 28 billion won raised are as follows. • 6 billion won in facility funds: Real estate acquisition (investment scheduled from August 1 to August 30) • 22 billion won in operational funds: Business purpose funds including electrical construction work (10 billion won scheduled to be executed in 2026 and 12 billion won in 2027 sequentially)

The subscriber for the new shares is the largest shareholder, Sejong Co., Ltd. The company explained that it selected the largest shareholder as the allocation target because it judged that financial soundness could be strengthened through a party that offers high speed and certainty in fundraising and has a strong understanding of the company's business and financial situation.