KESPION Co., Ltd. announced a private placement of 3,493,446 common shares at an issue price of KRW 1,145 per share for gross proceeds of KRW 3,999,995,670 on December 16, 2022. The transaction will involve participation from existing investors, ENS Investment Inc. for 873,362 shares, LD Cres Korea Ltd. for 1,746,724 shares, individual investor, Yoon Yong Lee, Dong Kuk Lee and Soo Jin Lee for 218,340 shares each, Sang Hyun Park for 131,004 shares and Gil Won Lee for 87,336 shares. The shares have face value of KRW 500.

The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 34,165,146 shares to 35,277,643 shares. The securities issued in the transaction have hold period of one year.

The payment date is December 30, 2022. The transaction has been approved by the board of directors of the company.