ENPLUS Co., Ltd. announced a private placement of 2,264,809 common shares at an issue price of KRW 5,740 per share for proceeds of KRW 13,000,003,660 on March 27, 2023. The securities will be issued pursuant to third party allotment method. The transaction will include participation from Arcadus 2 Investment Fund.

The transaction is expected to close on July 19, 2023. The transaction has been approved by the board of directors. The shares will be subject to a hold period of 1 year.