MH Ethanol announced that it has decided on a 100% free share issuance (stock dividend) totaling 6,201,433 common shares.

According to the regulatory filing, the record date for the new share allocation is October 20, 2026. Shareholders listed on the register as of that record date will be allocated one new share for each share they own. The total number of shares issued before the capital increase is also 6,201,433 common shares, making this free share issuance equivalent to a 100% ratio.

The par value of the new shares is 500 won per share, and the source of funds for the free share issuance is 3,100,716,500 won from the capital surplus (share premium). The dividend start date for the new shares is January 1, 2026, and the scheduled listing date for the new shares is November 10, 2026. However, the company stated that the scheduled listing date may change depending on consultations with the relevant authorities.

If fractional shares of less than one share result from the allocation, cash will be paid based on the closing price on the first day of trading of the new shares. Detailed matters necessary for the free share issuance were delegated to the CEO or a person designated by the CEO.

Meanwhile, the Korea Exchange suspended trading in MH Ethanol shares at 11:34 a.m. the same day following the free share issuance disclosure. Trading was suspended until 12:04 p.m., under Article 40 of the KOSPI Market Disclosure Regulations. If futures or options based on the above shares are listed, trading in those futures and options will also be suspended simultaneously.