Shinhan Shinyongsan Consignment Management Real Estate Investment Company announced a private placement of 6,500,000 shares at a price of KRW 5,000 for a gross proceeds of KRW 32,500,000,000 on April 17, 2023. The transaction will include participation from new investor, Shinhan Small and Medium Office Value Ad Consignment Management Real Estate Investment Company and returning investor, Shinhan Alpha REIT Co., Ltd. The company issued shares through third party allocation method. The transaction is expected to close on May 17, 2023.

The transaction has been approved by the board of directors of the company.