Sangsangin Industry Co., Ltd. announced a private placement of 3,030,303 convertible bonds at the price of KRW 1,320 per share for gross proceeds of KRW 3,999,999,960 on April 3, 2023. The transaction will include participation from individual investors such as Lee, In Sub, Cho, Eunhye, Lee, Jae-ok and Lee, Jung-soo. The transaction is expected to close on April 7, 2023.

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