Nokwon Commercials & Industries, Inc. announced a private placement of 499,500 common shares of par value, KRW 500 at a price of KRW 2,000 per share for gross proceeds of KRW 999,000,000 on May 19, 2022. The transaction will include participation from Kim, Eun-jung. The shares will be issued through third party allotment method. The payment date for the transaction is May 27, 2022. The securities being issued are subject to a lock up period of 1 year .The transaction has been approved by the board of directors of the company. The total number of shares issued prior to the transaction are 22,760,625 shares.