SEOYON E-HWA MANUFACTURING SAVANNAH, INC. announced a private placement of 253,283 common shares at the price of KRW 133,250 per common share for gross proceeds of KRW 3,005,001,100 on February 2, 2024 . The transaction will include participation from returning investor Seoyon E-Hwa Co., Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 8, 2024.