Chemax Co., Ltd. announced a private placement of 6,000 shares at a price of KRW 627,982.29 for a gross proceeds of KRW 3,767,893,740 on February 27, 2023. The transaction will include participation from Sichuan Em Technology Co., Ltd. with 9.09% stake post completion of the transaction. The company's total shares will increase from 60,000 to 66,000.

The transaction has been approved by the investor's board of directors.