East Seoul Underpass Company announced a private placement of 399,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 1,995,000,000 on May 10, 2022. The transaction will include participation from returning investor Daewoo Engineering & Construction Co., Ltd. to maintain 100% stake in the company. The transaction has been approved by the board of directors of the company.