Young Poong Paper Mfg Co.,Ltd. announced a private placement to issue 4,566,210 shares at an issue price of KRW 2,190 for the gross proceeds of KRW 9,999,999,900 on March 22, 2024. The transaction will include participation from new investor Daiyang Metal Co., Ltd. The transaction has been approved by the shareholders of company and is expected to close on May 21, 2024. The securities are restricted to a hold period.