Earth & Aerospace Manufacturing Ind. Co. Ltd announced that it will issue 1,200,000 common shares at an issue price of KRW 2,500 for the gross proceeds of KRW 3,000,000,000 on March 24, 2023.

The transaction will include participation from director Han Sang-soo for 1,200,000 shares. The transaction has been approved by the shareholders of the company and is restricted to a hold period of one year from the date of issuance. The transaction is expected to close on June 8, 2023.