Siheung Ecopia Co., Ltd. announced a private placement of 132,940 common shares at KRW 5,000 per share for gross proceeds of KRW 664,700,000 with existing shareholders on March 18, 2014. The shares will be issued at face value. New shares will be allocated according to the ratio of shares owned by the existing shareholders.

The subscription period will start and end on March 26, 2014. The payment date will be March 28, 2014. Forfeited shares not subscribed by the existing shareholders can be subscribed by the other existing shareholders and shares still left unsubscribed will be issued to new investors.

The board of directors of the company has approved the transaction.