KH Electron Co.,Ltd announced a private placement of 3,980,584 common shares at a price of KRW 1,030 per share for gross proceeds of KRW 4,100,001,520 on June 4, 2021. The transaction will include participation from returning investor Chloe Blue Union through third-party allocation. The transaction has been approved by the board of directors of the company.

The shares to be issued are subject to a hold period of 1 year. The payment date is on October 20, 2021.