SEYOUNG D&C Co., Ltd. announced a private placement of 7,610,350 common shares of face value KRW 500 for an issue price of KRW 657 per share gross proceeds of KRW 4,999,999,950 on September 1, 2021. The transaction will include participation from Taehwa ENC Co., Ltd., for 5,327,245 shares and Chief Executive Officer Jae-heum Shin for 2,283,105 shares. The transaction has been approved by the board of directors of the company.

The company will issue shares through third party allocation method. The payment date of the transaction is September 28, 2021. The securities to be issued pursuant to the transaction are subject to a hold period of one year.