○ SKC announces participation in Absolics' shareholder allocation rights issue... Acquiring over 190,000 new shares _ base_d on its stake

○​ Accelerating the two-track strategy for glass substrates...Commencing reliability _ eval_uations for _ _ embed__ding products and preparing for non-_ _ embed__ding PoC within the year

SKC is accelerating the commercialization of glass substrates to secure a leading position in the next-generation packaging market by participating in the rights issue of Absolics, its semiconductor glass substrate business investment arm.

SKC announced on the 4th that its board of directors resolved to make a cash investment of approximately KRW 281 billion by participating in a shareholder allocation rights issue initiated by Absolics. SKC plans to acquire 192,416 new shares, allocated in proportion to its current stake (70.05%).

This participation is a follow-up measure to SKC’s KRW 1.1671 trillion capital increase carried out in the first half of this year. SKC previously outlined a blueprint to invest approximately KRW 590 billion of the secured funds into the glass substrate business over the next three years. This current investment marks the first execution of funds _ base_d on that decision, and SKC plans to inject the remaining capital in stages, aligned with the business's progress.

Absolics is currently expediting its preparations for the commercialization of glass substrates, with a strategic focus on both _ _ embed__ding and non-_ _ embed__ding products. For _ _ embed__ding products, the company has successfully completed preliminary _ eval_uations of samples produced at its Georgia plant in the United States and is currently conducting reliability testing.

Non-_ _ embed__ding products are also part of ongoing supplier selection initiatives in the second half of the year, with procedures underway to enter the Proof of Concept (PoC) stage before the year's end. Absolics aims to execute customer validations for each product seamlessly, while continuously enhancing yield and quality competitiveness to establish a full-scale mass production system.

An SKC official stated, "This investment is the first step in translating the financial resources secured in the first half of the year into tangible business achievements." The official added, "We will continue to inject the planned capital in phases to accelerate our readiness for mass production, and we will solidify our technological leadership in the next-generation semiconductor packaging market through close collaboration with strategic partners." [End]