Decision to Issue 200 Billion KRW Hybrid Capital Securities for Capital Reinforcement

Hyosung Chemical decided to issue 200 billion KRW of unregistered unsecured bonds (private placement-type hybrid capital securities)
The purpose is to strengthen financial soundness (capital expansion); 150 billion KRW will be used for debt repayment and 50 billion KRW for acquisition of other company securities
The coupon rate is 5.50% per annum, with step-up adjustments starting after 3 years (initial +2.50%, then +1.50% per step for 8 steps)
The issuer may defer interest payments indefinitely; deferred interest accrues compound interest
Maturity is 30 years (May 22, 2056), but the issuer can extend by 30 years under the same conditions by notifying 30 days prior
Bondholders cannot demand early redemption, but the issuer may redeem at its option after 3 years on any interest payment date or upon certain events (accounting change, change of control, tax law change)
The bonds are privately placed entirely to Hyosung Chemie First Corporation (not affiliated with the company)

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Filing: Report On Major Events (Decision On Issuance Of Debt Securities Recognized As Capital)
Company: Hyosung Chemical (298000)
Submission: Hyosung Chemical Corporation
Receipt: 05-21-2026