Enchem Co., Ltd. announced a private placement of 664,986 redeemable convertible preferred shares at an issue price of KRW 59,700 per share for gross proceeds of KRW 39,699,664,200 on June 17, 2022. The company will issue shares through third-party allotment method. The payment date is June 27, 2022.

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