Hyundai Ubiquitous & Information Technology Co., Ltd. announced a private placement of 1,666,667 redeemable preferred shares at KRW 12,000 per share for gross proceeds of KRW 20,000,004,000 on December 30, 2013. The shares will be subscribed by KB Securities Co., Ltd., Investment Arm by 3rd party allotment. The payment date for the transaction is January 2, 2014. The transaction was approved by the board of directors of the company.

On January 2, 2014, Hyundai Ubiquitous & Information Technology Co., Ltd. closed the transaction.