Hansongneotech Co.,Ltd. announced that it will issue 6,976,745 common shares at a price of KRW 1,290 per share for gross proceeds of KRW 9,000,001,050 on October 27, 2021. The company will issue the shares through third party capital allotment. The transaction will include participation from Insur Tech Renaissance Fund No.

2. The expected payment date is March 31, 2022. The transaction has been approved by the board of directors of the company. the shares carry a hold period of one year.