Barun Electronics Co., Ltd. announced a private placement of 1,000,000 common shares at an issue price of KRW 4,805 per share for total gross proceeds of KRW 4,805,000,000 on September 23, 2022. The transaction will include participation from BH Co., Ltd. for 1,000,000 shares. The method of capital increase is through third party allocation.

The transaction has been approved by board of directors of the company. The expected date of payment is October 28, 2022.