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Announcement of new stock issuance (free capital increase)

Announcement of new stock issuance (free capital increase)

We hereby announce that the board of directors meeting held on November 28, 2023 resolved to issue new shares through free capital increase as follows.
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  1. Free capital increase amount and resources: Stock issuance premium KRW 5,972,712,000
  2. Matters related to transfer of reserves to capital
  3. (1) Types and number of new stocks :
    9,375,120 shares of common stock, 2,187,504 shares of convertible redeemable preferred stock
    Type 2 convertible redeemable preferred stock 382,800 shares
    (2) Capital transfer amount of capital reserve: KRW 5,972,712,000 in gold
    (3)Face value of 1 share: 500 Won of gold
    (4) New share allocation base date: December 13, 2023
    (5) Allocation method of new shares: As of December 13, 2023, new shares are allocated to shareholders registered in the current shareholder register in proportion to the shares owned.
    (6) Other matters: Other details related to the issuance of new shares are left to the CEO.

November 28, 2023

    Syscon Co., Ltd.
    4th floor, 155-30 Robotland-ro, Seo-gu, Incheon (Cheongna-dong, Robot R&D Center)
    CEO Choi Gwang-yong