Willings Co., Ltd. announced a private placement of 391,389 common shares at a price of KRW 25,550 per share for gross proceeds of KRW 9,999,988,950 on November 4, 2021. The transaction will include participation from Peach Finance Investment Association 2. The company will issue the securities through third party allotment. The shares carry a par value of KRW 500 per share. The securities to be issued in the transaction are subject to a hold period of one year. The company expects to close the transaction on December 21, 2021. The transaction was approved by the board of directors of the company.