Evps Co., Ltd. announced a private placement to issue 2,000,000 common shares at an issue price of KRW 3,720 for the gross proceeds of KRW 7,440,000,000 on December 7, 2023. The transaction will include participation from new individual investors Jeongyeon Kim for 1,000,000 shares, Jeanie Eunsung Aguilar 500,000 shares, Jeon Ji-woo 250,000 shares and Kim Yun-cheol 250,000 shares. The transaction has been approved by the shareholders of the company and is expected to close on February 28, 2024.

The securities are restricted to a hold period of 1 year.