Charm Engineering Co.,Ltd. announces private placement of 26,000,000 shares of common stock at an issue price of KRW 500 resulting in gross proceeds of KRW 13,000,000,000 on October 20, 2023.The transaction is expected to close on October 20, 2023.The transaction will include particpation from HB Holdings Group Co., Ltd. The transaction has been approved by the board of the company.