Siheung Ecopia Co., Ltd. announced a private placement of 132,940 common shares at KRW 5,000 per share for gross proceeds of KRW 664,700,000 with existing shareholders on March 18, 2014. The shares will be issued at face value. New shares will be allocated according to the ratio of shares owned by the existing shareholders. The subscription period will start and end on March 26, 2014. The payment date will be March 28, 2014. Forfeited shares not subscribed by the existing shareholders can be subscribed by the other existing shareholders and shares still left unsubscribed will be issued to new investors. The board of directors of the company has approved the transaction.

On March 28, 2014, Siheung Ecopia Co., Ltd. closed the transaction. Existing investors, Daelim Industrial Co., Ltd. subscribed to 93,938 shares for KRW 109,690,000, Sinjin Maintenance Co., Ltd. subscribed to 4,936 shares for KRW 24,680,000, Shinsegae Engineering & Construction Co., Ltd. subscribed to 3,839 shares for KRW 19,195,000, Korea Development Corporation Co., Ltd. subscribed to 2,194 shares for KRW 10,970,000, and Isan Co., Ltd. subscribed to 6,094 shares for KRW 30,470,000. New investors, GS Engineering & Construction Corporation subscribed to 30,530 shares for KRW 152,650,000, POSCO Engineering & Construction Co., Ltd. subscribed to 28,182 shares for KRW 140,910,000, Lotte Engineering & Construction Co., Ltd. subscribed to 23,485 shares for KRW 117,425,000, Dukdong Construction Co., Ltd. subscribed to 11,742 shares for KRW 58,710,000. Daelim Industrial Co., Ltd. reduced its stake from 56.25% to 36%, Sinjin Maintenance Co., Ltd. reduced its stake from 12.66% to 8.10%, Shinsegae Engineering & Construction Co., Ltd. reduced its stake from 9.84% to 6.3%, Korea Development Corporation Co., Ltd. reduced its stake from 5.63% to 3.6%, Isan Co., Ltd. reduced its stake from 15.63% to 10%. GS Engineering & Construction Corporation gained 11.7% stake, POSCO Engineering & Construction Co., Ltd. gained 10.8% stake, Lotte Engineering & Construction Co., Ltd. gained 9% stake, and Dukdong Construction Co., Ltd. gained 4.5% stake in the company through this transaction.