3S KOREA Co., Ltd. announced a private placement of 2,388,135 common shares at a price of KRW 2,874 per share for the gross proceeds of KRW 6,863,499,990 on September 21, 2022. The transaction includes participation from Namuga (Suzhou) Technologies Co., Ltd. The transaction has been approved by shareholders of the company. The transaction is expected to close on November 3, 2022.