Ulsanuijeongbu Project Pfv Co., Ltd. announced that it will issue 4,005 common shares at an issue price of KRW 21,000,000 per share for the gross proceeds of KRW 84,105,000,000 on December 15, 2023. The transaction will include participation from new investors Daelim Co., Ltd. for 1,992 common shares for the gross proceeds of KRW 41,832,000,000 and DL E&C Co.,Ltd. for 2,013 common shares for the gross proceeds of KRW 42,273,000,000. The company has received KRW 47,023,000,000 in funding till date.

The transaction has been approved by the board of directors of the company. The method of capital increase is through third party allocation method. The transaction is expected to close on January 17, 2024.