Dongbang Ship Machinery Co., Ltd. announced a private placement to issue 458,998 shares at an issue price of KRW 1,900 for the gross proceeds of KRW 872,096,200 on February 6, 2024. The transaction will include participation from individual investor Jiwon Yoon for 458,998 shares. The transaction has been approved by the shareholders of the company and is expected to close on February 14, 2024.

The securities are restricted to a hold period of 1 year.