Yangyang Wind Power Co., Ltd. announced a private placement of 4,310,000 shares issue at a par value of KRW 5,000 per share for gross proceeds of KRW 21,550,000,000 on November 25, 2019. The transaction will include participation from Korea East-West Power Co.,Ltd. for 2,160,000 shares, DongSung Corporation (KOSE:A102260) for 240,000 shares, returning investor Kolon Global Corporation (KOSE:A003070) for 1,910,000. The company will issue shares through third-party allocation method.

The payment date is November 26, 2019. The transaction has been approved by the board of directors of the company.