LAT Co.,Ltd. announced a private placement of 275,862 common shares at an issue price of KRW 4,350 per share for an aggregate gross proceeds of KRW 1,199,999,700 on October 7, 2022. The transaction will include participation from Nsys Co., Ltd. for 275,862 shares. The common shares have face value of KRW 500.

The method of capital increase will be through third party allotment. The transaction has been approved by board of directors of the company. The expected date of payment is October 17, 2022.