Kbi Dongkook Ind.Co.,Ltd announced a private placement of 12,987,012 common shares at a share price of KRW500 per common share for gross proceeds of KRW6,999,999,468 on September 15, 2022. The transaction will include participation from KBI Kukin Industrial Co., Ltd.The company will issue shares through third-party allotment. The payment date for the transaction is September 22, 2022.

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