Polaris Office Corp. announced that it will issue 1,148,765 common shares of par value, KRW 500 at a price of KRW 1,741 per share for gross proceeds of KRW 1,999,999,865 on March 22, 2022. The company will issue shares through third party allocation increase.

The payment date for shares is April 28, 2022. The transaction has been approved by board of directors of the company. The total number of shares issued prior to transaction are 41,395,629.