Dayou AP Co.,Ltd. announces private placement of 2,585,856 shares at an issue price of KRW 3,620 per share for gross proceeds of KRW 9,360,798,720 on November 17, 2023. The transaction is expected to close on November 28, 2023. The transaction has been approved by the shareholders of the company and is restricted to a hold period of one year.

The transaction will include participation from new investor DHAUTOWARE Co., LTD.