TL Engineering Co., Ltd. announced a private placement to issue 64,000 common shares at an issue price of KRW 2,500 per share for the gross proceeds of KRW 160,000,000 on October 12, 2023. The transaction will include participation from new individual investors Shin, Jin Sil Specially related persons Decided by the board of directors in consideration of the investor's ability for 6,000 shares, Kim, Dong Won for 6,000 shares, Lee, Moon Sang for 4,000 shares, Kim, In Ho for 4,000 shares, Hwang, Young Noh for 2,000 shares, Park, Duk Soo for 2,000 shares, Shin, Myung Eun for 8,000 shares, Lee, Chang Soo for 6,000 shares, KimTae Soo for 4,000 shares, Kim, Ho Jung for 4,000 shares, Hwang, Jae Hwa for 4,000 shares, Jang, Sung Jin for 4,000 shares, Kim, Ki Il for 4,000 shares, Lee, Gun Hee for 2,000 shares, Bae, Sung Won for 2,000 shares and Seo, Jae Hoon for 2,000 shares. The transaction has been approved by the shareholders of the company and is expected to close on November 2, 2023.

The securities are subject to hold period of 1 year.