Artist Studio announced that it has decided on a third-party placement capital increase with Maeil Broadcasting to raise approximately 4 billion won in operating funds.

[Issuance Overview] Through this capital increase, 1,492,537 new common shares will be issued, all allocated to Maeil Broadcasting. The new share issue price is 2,680 won per share, with 3,999,999,160 won expected to be raised. The total number of issued shares before the capital increase is 9,996,025 common shares.

[Background of Premium Issuance] The issue price represents a 5.10% premium over the base share price of 2,550 won. According to the company, regulations stipulate that the discount rate on the issue price for third-party placement capital increases be set within 10% of the base share price, but there is no separate regulation on the premium rate, so the premium issuance was decided through a board resolution.

[Schedule] The subscription and payment date for the new shares is September 21, with the new shares scheduled to be listed on October 12. All shares issued through this capital increase will be placed under protective custody at the Korea Securities Depository for one year. The company stated that the capital increase schedule may change during consultations with related institutions.

[Fund Usage Plan] The raised funds will be used as general operating funds. According to the disclosure, the planned usage by year is 2 billion won in 2027 and 2 billion won in 2028 and beyond.

[Reason for Selecting Maeil Broadcasting] The company stated that it selected Maeil Broadcasting as the third-party placement recipient after confirming its deep understanding of the company's business and its intention to invest long-term.