Sole Materials Co., Ltd. announced a placement of 48,150 common shares at an issue price of KRW 187,000 per share for gross proceeds of KRW 9,004,050,000 on September 19, 2023. The transaction included participation from returning investors, Hansol Chemical Co., Ltd. for 48,150 shares increasing its stake from 63% to 72.410% and returning individual investor, Yeon Joo Cho for 5,350 shares increasing its stake from 7% to 8.050%