ECOCAB Co.,Ltd announced a private placement to issue 657,030 common shares at a par value of KRW 100 per share at an issue price of KRW 7,610 per share for gross proceeds of KRW 4,999,998,300 on June 27, 2022. The capital will be increased through third party allocation method. The shares will be issued at discount rate of 5%.

The base price is KRW 8,000 per share. The transaction will include participation from new investor, LS E-Mobility Solutions Co., Ltd with 1 year from the listing date obligatory restriction period. The payment date is July 5, 2022.

The capital will be increased through third party allocation increase method. The transaction has been approved by the board of directors.