DYD Co.,LTD. announced a private placement of 2,205,070 shares at a price of KRW 4,535 for gross proceeds of KRW 9,999,992,450 and 1,102,535 common shares at an issue price of KRW 4,535 for gross proceeds of KRW 4,999,996,225 for aggregate proceed of KRW 14,999,988,675 on September 13, 2021. The transaction will include participation from Daeyang D & I, CNI Co., Ltd and Iljun Lee. The transaction is expected to close on December 13, 2021.

All securities issued in the transaction will be subject to a hold period of one year. The transaction has been approved by the board of directors of the company.