HanJung Natural Connectivity System.co.,Ltd announced a private placement of 1,008,062 common shares at an issue price of KRW 9,920 per share for aggregate gross proceeds of KRW 9,999,975,040 on September 29, 2022. The transaction will include participation from Orbit-SDH New Technology Fund for 504,032 shares, BNI-Life Korea China New Technology Fund 2 for 201,612 shares, Korea Investment Management Co., Ltd (Life Multi Core Private Equity Trust Fund 1) for 50,403 shares, Shinhan Bank (Life IPO KOSDAQ Venture Specialized Investment Private Equity Trust Fund 3) for 50,403 shares and iSquare ESG Fund 3 for 201,612 shares. The method of capital increase will be through third party allotment.

The expected date of payment is October 7, 2022. The transaction has been approved by board of directors of the company.