Hanwha Ocean has issued a correction disclosure changing the payment date following the completion of a paid-in capital increase by its U.S. subsidiary.

Hanwha Ocean announced on the 8th that it corrected the payment date for the paid-in capital increase of its subsidiary, Hanwha Ocean USA International LLC, from the previously stated December 31, 2026, to October 8, 2026. The correction pertains to the 'Decision on Paid-In Capital Increase by Subsidiary' disclosed on March 19, and the company explained that the payment date was amended as the capital increase was completed that day.

The total size of the capital increase is 164,040,450,000 won. By purpose of funding, it consists of 8,560,270,000 won for operating funds and 155,480,180,000 won for the acquisition of securities of other entities.

This amount was converted into Korean won using the Seoul foreign exchange brokerage's base exchange rate as of March 19 (1,486.0 won per dollar), and the won-converted amount may vary depending on the exchange rate at the actual time of the capital increase.

Hanwha Ocean USA International LLC is a wholly owned subsidiary of Hanwha Ocean USA Holdings Corp. The paid-in capital increase was carried out to secure operating funds and investment resources for the entity. The capital increase was conducted without issuing new shares, and accordingly, the type and number of new shares, par value, issue price, and the method of determining the issue price were not stated in the disclosure. The board resolution date for the paid-in capital increase was March 19, 2026.

The company's main business is Maritime Service. As of the end of 2024, its total assets stood at 473,376,440,000 won, about 2.7% of the controlling company's consolidated total assets of 17,843,891,610,000 won.