H&B Design Co.,Ltd. announced a private placement of 2,504,591 common shares of par value of KRW 500 per share at a price of KRW 5,989 per share for gross proceeds of KRW 14,999,995,499 on July 8, 2022. The company will issue share on discount of 9.99%. The transaction will include participation from Duclass Hangang Fund for 18.84% stake, upon completion.

The company will issue the securities through party allocation increase. The securities in the transaction are subject to a hold period of one year. The payment date of the transaction is on August 31, 2022.

The transaction was approved by the board of directors of the company.