BK TOPS Co., Ltd. announced that it will issue 5,569,996 common shares at a par value of KRW 500 per share at an issue price of KRW 2,693 per share for gross proceed of KRW 14,999,999,228 on December 20, 2021. The capital will be raised through third-party allocation method. The payment date is December 28, 2021.

The transaction has been approved by the board of directors. The securities are subject to hold period of 1 year. The transaction included participation from Golden Planning Co., Ltd. for 2,784,998 shares and CEO or lead for 2,784,998 shares.