CODI-M Co., LTD. announced a private placement of 6,410,250 common shares at a price of KRW 156 per common share for gross proceeds of KRW 999,999,000 on July 22, 2022. The transaction will include participation from Lee Suk Industry Co Ltd through third party allocation method. The securities issued in the transaction will be subject to a hold period of 1 year from the date of issuance.

The transaction is expected to close on July 22, 2022. The transaction has been approved by the board of directors of the company.