SK Hynix's US Stock ADR Issuance Rules and Significance Impact: SK Hynix has officially passed a board resolution to issue new stock supported ADRs and list them on NASDAQ in the United States. Please take a look at the details: 1. Issuance type and basic structure 1) Type: New Stock DR (신주 DR), which refers to the issuance of ADRs by overseas depositary banks after the issuance of new ordinary shares and deposit into a depositary institution. Common stock (without preferred stock). 2) Issuance method: Third party allocation. The new shares are directly deposited into overseas depositary institutions, and after Citibank issues ADRs, they are allocated to overseas institutional investors (mainly US institutions) through book building. 3) ADR conversion ratio 1 ADR=0.1 ordinary shares (i.e. 10 ADR=1 share). 2. Issuance scale and pricing reference values (both are reference values, and the final results are subject to bookkeeping and filing) 1) Maximum number of new shares issued: 17790000 shares (approximately 2.5% of the current share capital); 2) New stock reference issue price: 2555000 KRW/share (closing price on June 23, 2026); 3) ADR reference issue price: 255500 KRW/ADR (approximately 166 USD/ADR, at current exchange rate); 4) The maximum fundraising amount is approximately 4.545 trillion Korean won, close to 30 billion US dollars. 3. Listing and schedule (reference date, to be finalized) 1) Listed exchange: Nasdaq Global Select Market. 2) Planned ADR listing date: July 10, 2026. 3) New stock DR (underlying stock) listing date: July 29, 2026. 4. Subscription/Payment Date: July 14, 2026. The schedule is very tight, reflecting that the company has completed preliminary preparations (previously submitted a confidential Form F-1 registration statement to the US SEC in March). 4. Purpose of Fundraising All for semiconductor capacity expansion (core investment related to AI/HBM): 1) Yongin Semiconductor Cluster Phase 1 Fab Construction Investment. 2) Cheongju P&T7 advanced packaging Fab construction, equipment, and ancillary expenses. 3. Mechanical equipment procurement - EUV scanner construction and facility investment. For Hynix, the significance of listing on the US stock ADR is: 1) The expansion of the investor base directly attracts American institutions, passive funds (index funds), hedge funds, etc. After success, it is expected to be included in the Philadelphia Semiconductor Index (SOX) and bring a large amount of passive capital inflows (similar to the experience of TSMC and ASML). 2) Valuation revaluation: Currently, Hynix is trading on the Korean stock market and has a significant discount compared to Micron. After the listing of ADR on the US stock market, liquidity and transparency have increased, which is expected to significantly narrow the valuation gap. 3) Strategic significance: This marks the upgrade of Hynix from a South Korean enterprise to a global technology giant, enhancing its voice in the AI memory field But one thing to note is that previously the market expected a size of around 8-14 billion US dollars, but now the upper limit is about 30 billion US dollars. For the US stock market, it is quite another round of large-scale IPOs