New Risk • Mar 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩58.3b market cap, or US$38.9m). Announcement • Mar 17
S-Energy Co.,Ltd., Annual General Meeting, Mar 31, 2026 S-Energy Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 114, beobwon-ro, songpa-gu, seoul South Korea Announcement • Mar 11
S-Energy Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 11.872 billion. S-Energy Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 11.872 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 13,690,534
Price\Range: KRW 848
Discount Per Security: KRW 21.2
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 309,466
Price\Range: KRW 848
Discount Per Security: KRW 21.2
Transaction Features: Rights Offering