Chungho Ict Co.,Ltd. announced that it will issue 3,296,704 shares at an issue price of KRW 910 per share for proceeds of KRW 3,000,000,640 on January 3, 2024. The transaction will include participation from new investor, Ecovibe Co., Ltd. for 3,296,704 shares. The transaction is expected to close on January 12, 2024.

The transaction was approved by the board of directors of the company. The method of capital increase is through third party allocation. The securities have a hold period of one year.