• Raises 401.1 billion KRW via shareholder allotment... preemptively secures funds required for the commercialization of glass substrates.

• Enters reliability _ eval_uation for 'Embedding' products... prepares to launch Proof of Concept (PoC) for 'Non-Embedding' products within the year.

• Prioritizes new shares _ base_d on existing shareholders' equity ratios... in the event of forfeited shares, additional sub_ script_ions by existing shareholders and third parties will be carried out.

Absolics, SKC’s glass substrate investment company, is initiating a rights issue worth approximately 400 billion KRW. SKC announced on the 21st that Absolics has decided on a shareholder-allotted rights issue to secure the financial resources necessary for the commercialization of glass substrates.

Absolics plans to focus the secured funds on glass substrate _ eval_uation and client certification. Alongside this, the company will pursue upgrades to certain facilities and equipment to improve yield and enhance quality across the entire production process.

Building on this foundation, Absolics plans to accelerate its "two-track" strategy, simultaneously pursuing the commercialization of both "Embedding" and "Non-Embedding" products. The Embedding products have successfully completed preliminary _ eval_uations—including the verification of electrical properties for samples produced at its Georgia plant in the U.S.—and have now entered the reliability _ eval_uation phase. The Non-Embedding products are also part of a project scheduled for supplier selection in the second half of this year, and the company is preparing to initiate a Proof of Concept (PoC) within the year depending on the final selection results.

Moving forward, Absolics intends to continue making additional investments in alignment with client _ eval_uation results and phased milestones. The immediate focus will be on stably achieving the quality levels demanded by clients, after which it plans to further review plans for large-scale expansion investments.

An SKC official stated, "Through this preemptive financing, we will drive the commercialization of Absolics' glass substrates without any setbacks and further accelerate our mass production preparations." They added, "Based on close collaboration with our strategic partners, we will continue to solidify our overwhelming technological leadership in the next-generation semiconductor packaging market."

Meanwhile, Absolics is currently owned 70.05% by SKC and 29.95% by AMAT (Applied Materials). The acquisition of new shares will proceed according to the internal procedures of each shareholder. In the event of forfeited shares, they will be allocated through additional sub_ script_ions by existing shareholders and third parties _ base_d on the inter-shareholder agreement. [End]