Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Following Hanwha Aerospace’s rights offering decision, market measures including adjustments to reference prices, contract multipliers, and exercise prices for stock futures and options are scheduled to take effect on the ex-rights date of May 22, 2025.
📊 [Key Disclosure Contents & Major Figures Summary]
- Target Company: Hanwha Aerospace (012450)
- Reason for Action: Hanwha Aerospace’s (Corrected) Rights Offering Decision (2025-04-30)
- Scheduled Effective Date: May 22, 2025 (Ex-rights date of the underlying stock)
1. Reference Price Adjustment Method
- Target Contracts: All contract months for futures and options
- Adjustment Formula: Adjusted Reference Price = Pre-adjustment Reference Price × (Adjusted Reference Price of Underlying Stock ÷ Closing Price of Underlying Stock on the Day Prior to Ex-Rights Date)
2. Contract Multiplier Adjustment & Open Interest
- Futures Adjustment Targets: Contracts with open interest at market close on May 21, 2025
- Options Adjustment Targets: All contract months
- Adjustment Formula: Adjusted Contract Multiplier = Pre-adjustment Contract Multiplier × (Closing Price of Underlying Stock on the Day Prior to Ex-Rights Date ÷ Adjusted Reference Price of Underlying Stock)
- Open Interest Adjustment: None (-)
3. Delisting of Stock Futures Spread Contracts
- Delisting Targets: Stock futures spread contracts where nearest-month and distant-month contracts have different contract multipliers
4. Exercise Price Adjustment & Special Setting
- Target Contracts: All contract months
- Adjustment Formula: Adjusted Exercise Price = Pre-adjustment Exercise Price × (Adjusted Reference Price of Underlying Stock ÷ Closing Price of Underlying Stock on the Day Prior to Ex-Rights Date)
- Special Setting of Exercise Prices (New Listing): If multipliers are adjusted, new exercise prices with a standard multiplier of 10 will be introduced (at least 9 series for 1st-3rd months, at least 3 series for 4th-6th months)
5. Other Notes
- Order Limit / Trading Suspension / Last Trading Day Changes: None (-)
- Regulatory Basis: Articles 25, 30, 35, 62, 70 of Derivatives Market Business Regulations
- Upcoming Schedule: Detailed measures and exact values to be announced on May 21, 2025 (the day prior to ex-rights date)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Confirmed Derivatives Market Measures Figures
This disclosure serves as a preliminary notice outlining the calculation formulas and implementation date for derivative market measures aligned with the rights offering schedule. Because confirmed numerical figures are derived by applying the closing stock price on the day prior to the ex-rights date into the provided formulas, checking the final measure results announced on that day is necessary for understanding the numerical determination structure. Detailed measures and confirmed numerical figures can be verified in the follow-up disclosure scheduled to be released on May 21, 2025.
📢 Risk Disclaimer & Source Notice
Source: This content was structured and generated based on official disclosure data from the Financial Supervisory Service DART system.
Investment Risk Warning: This material is provided solely for informational and educational purposes. Under no circumstances does it constitute financial advice, investment recommendations, or solicitation to buy or sell securities. All investment decisions and financial liabilities remain entirely with the investor.
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