New Risk • Jul 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% 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 Latest financial reports are more than 1 year old (reported March 2021 fiscal period end). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Announcement • Mar 06
Air Busan Co., Ltd., Annual General Meeting, Mar 26, 2026 Air Busan Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 6, yutongdanji 1-ro 57beonga-gil, gangseo-gu, busan South Korea Announcement • May 14
Air Busan Co., Ltd. announced that it expects to receive KRW 100 billion in funding from Asiana Airlines, Inc. Air Busan Co., Ltd announced a private placement to issue 5.53% Series 6 Unsecured Private Placement Perpetual Convertible Bonds due May 14, 2055 for gross proceeds of KRW 100,000,000,000 on May 13, 2025. The transaction will include participation from returning investor Asiana Airlines, Inc. for KRW 100,000,000,000, 100% convertible into 46,274,872 shares at an fixed conversion price of KRW 2,161 from May 15, 2026 to April 14, 2055, bears 5.53% coupon rate, 5.53% maturity rate and matures on May 14, 20255, approved by shareholders, restricted to a hold period and is expected to close on May 14, 2025. 
