Daesung Finetec Co.,Ltd. announced a private placement to issue 4,624,276 common shares at an issue price of KRW 865 per share for the gross proceeds of KRW 3,999,998,740 on April 17, 2024. The transaction will include participation from returning investor DaeSung M-Tech Co.,Ltd 2,312,138 and individual investor Hee-soon Park 2,312,138. The transaction has been approved by the shareholders and is expected to close on April 25, 2024.

The securities are restricted to a hold period.