Namsun Aluminum Co., Ltd. announced a private placement of 18,900,000 common shares at the price of KRW 2,010 per common share for gross proceeds of KRW 37,989,000,000 on August 18, 2022. The transaction will include participation from Samra Co., Ltd. for 18,900,000 shares through third party allocation method. The shares will be locked up for a period of one year.

The payment date for the transaction is August 26, 2022. The transaction has been approved by the board of directors of the company.