XI Mechanics Co., Ltd. announced that it will issue 1,000,000 common shares at an issue price of KRW 5,000 per share for the gross proceeds of KRW 5,000,000,000 on July 5, 2024. The transaction will include participation from returning investor GS Engineering & Construction Corporation. The transaction has been approved by the board of directors of the company.

The company will issue common shares through Shareholders' Allotment Increase.