SEYOUNG D&C Co., Ltd. announced a private placement of 5,327,245 common shares of par value KRW 500 per share, at an issue price of KRW 657 per share for gross proceeds of KRW 3,499,999,965 on December 15, 2021. The transaction will include participation from new investor Gangwon Construction Industry Co., Ltd. The total number of shares issued before the closing of the translation was 3,048,786 shares. The company will issue shares through third party allocation increase method.

The securities to be issued in the transaction are subject to a hold period of one year. The transaction has been approved by the board of directors of the company. The payment date is January 21, 2022.