Lix Solution Co.,Ltd. announced a private placement of 9,132,420 shares at a par value of KRW 100 at a price of KRW 1,095 per share for gross proceeds of KRW 9,999,999,900 on November 22, 2021. The company is raising funding through third party capital increase. The transaction will include participation from Hera Partners Co., Ltd. The transaction is expected to close on February 24, 2022.

The transaction has been approved by the board of directors of the company. The securities to be issued are restricted for a period of one year, post the closing.