Ariul Solar Power Corp. announced that it will issue 3,810,000 common shares of par value KRW 5,000 per share at an issue price of KRW 5,000 per share for gross proceeds of KRW 19,050,000,000 on June 26, 2024. The transaction will include participation from returning investor, Hanyang Corporation Co., Ltd. for 3,390,000 common shares for gross proceeds of KRW 16,950,000,000, new investors Hyojin Co.

Ltd. for 336,000 common shares for gross proceeds of KRW 1,680,000,000, Scotra Co., Ltd. for 42,000 common shares for gross proceeds of KRW 210,000,000, Shinsung E&G Co.,Ltd. for 42,000 common shares for gross proceeds of KRW 210,000,000. The company raising funding through third-party capital increase method. The transaction has been approved by the board of director's of the company.

The payment date of the transaction is July 25, 2024. The ex-dividend date of new shares is January 1, 2024.