SKC's subsidiary Absolics Inc. announced that it has decided on a rights offering worth approximately 401.1 billion won to raise operating funds needed for the commercialization of semiconductor glass substrates.

■ Size and Terms of the Capital Increase

According to the regulatory filing, Absolics will issue 274,683 new common shares. The new share issue price is 1,460,283 won per share, bringing the total amount to be raised to 401,114,915,289 won. In U.S. dollar terms, this amounts to 285,999,939.60 dollars, with an issue price of 1,041.20 dollars per share. The paid-in capital increase will be conducted through a rights offering to existing shareholders.

■ Key Schedule

The record date for the new share allotment and the date of Absolics' board approval are August 20, 2026. If existing shareholders subscribe in full, the payment deadline is September 28, U.S. Eastern Time, while November 24, the payment date stated in the filing, is the final payment completion date following the occurrence of unsubscribed shares and additional subscription by existing shareholders. If unsubscribed shares occur, they may be allocated to existing shareholders or third parties in accordance with agreements among shareholders. The specific allotment recipients and number of allotted shares will be determined after reviewing the subscription results of existing shareholders.

■ SKC Holds 70.05% Stake... Background of the Major Management Matter Disclosure

SKC holds a 70.05% stake in Absolics. The amount of this paid-in capital increase exceeds 2.5% of SKC's equity capital of 2,257 billion won in the most recent fiscal year, making it subject to disclosure as a major management matter of a subsidiary. SKC stated that it plans to make a subsequent disclosure on the decision to acquire shares and investment securities of another corporation following a board resolution.

■ Absolics' Current Status

Absolics' main business is the manufacturing and sale of semiconductor glass substrates. As of the end of 2025, its total assets stand at 528,579,057,668 won, equivalent to 7.84% of SKC's consolidated total assets. The company stated that the schedule and contents described in the filing may be subject to change as the process moves forward.