Dpeco Co.,Ltd. announced a private placement to issue 776,183 common shares at an issue price of KRW 3,620 per share for the gross proceeds of KRW 2,809,782,460 on May 19, 2023. The transaction will include participation from returning investor Dpeco Holdings Co., Ltd. for 96,686 shares, new investors CHEON JI TECH CO.,LTD for 8,287 shares, D&B Engineering Co., Ltd. for 27,624 shares, Jinsung Construction Co., Ltd. for 303,867 shares, Gangwon EM Co., Ltd. for 193,370 shares, Na, Seong-ho for 18,443 shares Joytech for 22,099 shares, Suam Electric Power Co., Ltd. for 27,630 shares, Ahn, Seong-hwan for 55,249 shares, Mirae Engineering Co., Ltd. for 8,287 shares, ATMENG Co., Ltd. for 5,525 shares and Pailant Co., Ltd. for 9,116 shares. The transaction has been approved by the shareholders of the company.

The transaction is expected to close on May 30, 2023. The shares are restricted to a hold period of one year.