Wintec Co., Ltd. announced a private placement to issue 8,700,000 shares at an issue price of KRW 1,957 per share for the gross proceeds of KRW 17,025,900,000 on March 4, 2024. The transaction will include participation from new investors such as HanWool Materials Science, Inc. for 6,100,000 shares and Aubrion Co., Ltd. for 2,600,000 shares. The company will issue shares through third-party allocation method.

The transaction has been approved by the shareholders of the company and is expected to close on March 26, 2024.