Capro Corporation announced a private placement of 140,000,000 common shares at the price of KRW 500 per share for gross proceeds of KRW 70,000,000,000 on March 28, 2024. The transaction will include participation from new investors TMC Co., Ltd. for 24,000,000 shares, Green Tech System Co., Ltd. for 64,000,000 shares, Sinbo 2021 16cha Securitization Specialty Inc. for 8,952,500 shares, Sinbo2022 1st Liquidation Specialist Inc. for 4,476,500 shares, Hana Bank Co., Ltd. for 701,000 shares, NongHyup Bank Co.,Ltd. for 2,891,500 shares, The Export-Import Bank of Korea for 2,904,500 shares, KB Kookmin Bank for 1,074,500 shares, NH Opus Corporate Financial Stabilization PEF 3 for 52,000,000 shares. The company will issue shares of par value of KRW 500 per share through third party allocation method.

The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 40,000,000 shares to 180,000,000 shares. The transaction has been approved by board of directors of the company.

The payment date for the transaction is April 30, 2024.