Histeel Co.,Ltd. announced a private placement of 192,031 shares at an issue price of KRW 4,166 for proceeds of KRW 800,001,146 on August 17, 2022. The transaction will include participation from new investor Nongshim Capital Co., Ltd. The shares will be issued pursuant to 3rd party allocation increase method. The payment date of the transaction is August 26, 2022.

The shares are subject to a hold period of one year. The transaction has been approved by the board of directors.