Incheoninha PFV Co., Ltd. announced a private placement of 9,120 common shares at an issue price of KRW 5,000,000 per share for the gross proceeds of KRW 45,600,000,000 on December 28, 2022. The transaction will include participation from Daelim Co., Ltd., DL E&C Co.,Ltd. and Daelimamc Co., Ltd. The shares are allotted through third party allocation method. The transaction has been approved by shareholders of the company.

The transaction is expected to close on January 13, 2023.