Automobile & PCB Inc. announced a private placement of 10,758,621 common shares at an issue price of KRW 1,450 per share for the gross proceeds of KRW 15,600,000,450 on November 22, 2022. The transaction will include participation from YONGSAN Co., Ltd. The transaction has been approved by shareholders of the company. The company has raised shares through 3rd party allotment.

The shares are restricted to a holding period of 1 year from the date of announcement. The transaction is expected to close on November 30, 2022.