HYUNDAI C-TECH, INC. announced a private placement of 6,200,000 common shares at a price of KRW 1,188.30 per share for gross proceeds of KRW 7,367,460,000 on October 14, 2021. The transaction will include participation from returning investor HCT Co., Ltd to retain its 100% stake in the company through shareholder allocation increase. The transaction has been approved by the board of directors of the company. The shares are being issued at par value. The payment date is on October 15, 2021.