suspension of the effect of the paid-in capital increase of Korea Zinc Public Offering

The effect of the paid-in capital increase of the general public offering submitted by Korea Zinc on the 30th of last month has been suspended.

The Financial Supervisory Service said in a public announcement that Korea Zinc's securities report, which was submitted on the 30th of last month, required investors to submit a correction report because it could cause significant harm.

As a result, Korea Zinc's general public offering paid-in capital increase report was considered unaccepted and its effect was immediately suspended.

Korea Zinc must submit a correction report within the next three months, and if not, the paid-in capital increase will be considered withdrawn.

In response, a Korea Zinc official said, "We will closely check the Financial Supervisory Service's correction requirements and do our best to resolve the concerns and misunderstandings of investors and the market."