Daesung Eltec Co., Ltd. announced a private placement of 41,528,657 common shares at an issue price of KRW 780 per share for gross proceeds of KRW 32,392,352,460 on July 4, 2022. The transaction will involve participation from DH Global Co.,Ltd. The shares have face value of KRW 500. The shares issued in the transaction will have a hold period of 12 months from the date of issuance.

The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 100,971,343 shares to 142,500,000 shares. The payment date is August 16, 2022.

The transaction has been approved by the board of directors of the company.