Announcement of issuance of new shares allocated to a third party

 

 

 

We announce that the LIPAC Board of Directors held on May 17, 2022 has decided to issue new shares by allocating to a third party as follows.

 

 

1. Type and number of new shares: 80,000 registered redeemable convertible preferred shares

2. Issuance price of new shares: ￦ 25,000 (face value of one share ￦ 500)

3. Payment due date of new shares: July 19, 2022

4. How to acquire new stocks: New stocks are allocated to a third party in accordance with Article 418 (2) of the Commercial Act and Article 10 (2) of the Articles of Incorporation.

 

 

 

July 4, 2022

 

LIPAC Co., Ltd.

#916, SK V1 Centre, Seonyu-ro 9-gil 10, Yeongdeungpo-gu, Seoul, Republic of Korea, 07281

CEO Park, David Dongwoo