Lotte Asset Development Co.,Ltd announced that it will issue 1,139,545,246 shares at an issue price of KRW 100 per share for proceeds of KRW 113,954,524,600 on May 7, 2024. The transaction includes participation from returning investor LOTTE Corporation. The transaction was approved by board of directors of the company.

The transaction is expected to close on May 10, 2024.