Hanwha Ocean's subsidiary Hanwha Ocean USA Holdings Corp. decided to conduct a paid-in capital increase of 1,107 shares to raise investment funds, and corrected the payment date from December 31, 2026 to October 7, 2026.

Hanwha Ocean's subsidiary Hanwha Ocean USA Holdings Corp. decided to conduct a paid-in capital increase of 1,107 shares to raise approximately KRW 164.5 billion for acquiring securities of other entities. This disclosure is a corrective announcement changing the payment date, as the original announcement set December 31, 2026 as the payment date but the capital increase was completed as of October 7, 2026. The company said the capital increase price was calculated using the Seoul Foreign Exchange Brokers Association's trading standard rate of $1 = KRW 1,486.0, and the Korean won conversion amount may differ depending on the exchange rate at the time of the actual capital increase.

1. 01

   The paid-in capital increase is for investment funding purposes by the subsidiary Hanwha Ocean USA Holdings Corp., in which Hanwha Ocean holds a 100% stake.

2. 02

   The board approval date was March 19, 2026, and all 5 independent directors attended.

3. 03

   The exchange rate applied in calculating the issuance price was KRW 1,486.0 per USD (as of March 19, 2026), and the Korean won conversion amount may vary depending on the exchange rate at the time of the actual capital increase.

4. 04

   The subsidiary's total assets are approximately KRW 473.4 billion, representing 2.7% of the parent company's consolidated total assets (approximately KRW 17.8438 trillion).

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

New shares issued

1,107 shares

Issuance price (common shares)

KRW 164.5002 billion

New shares allocated per share

0.1284819 shares

Payment date before correction

December 31, 2026

Payment date after correction (change completed)

October 7, 2026

Filing facts

Filing type

Rights Offering

Report name

[Amended] Decision on Rights Offering (Subsidiary)

Filed

Oct 7, 2026

Receipt number

20261007800450