Smart Golf Co.,Ltd. announced that it will issue 3,807,800 shares at a price of KRW 400 per share for gross proceeds of KRW 1,523,120,000 on May 18, 2021. The transaction will include partcipation from Infini Roof Co., Ltd, Park, Ji-hyung, Kim, Jang-han, Yoo, Dong-Min, Park, Yoon-deok, Park, Seongkyu and Jeon, Do-youn. The transaction is expected to close on June 2, 2021. The transaction was approved by the board of directors of the company. The company will receive funding through third party allocation.