DB Metal Co., Ltd. announced private placement of 133,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 66,500,000,000 on February 13, 2020. The shares will be issued to existing investors in ratio of 3.4397579797 shares for each share held. The shares will be issued at par.

The number of shares will increase from 38,665,511 shares to 171,665,511 shares. The shares will be allocated on March 6, 2020 and subscribed on April 2, 2020. The expected payment date is April 3, 2020.

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