DAE SUN Shipbuilding & Engineering Co., Ltd. announced a private placement of 8,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 40,000,000,000 on March 28, 2022. The transaction will include participation from BNK Capital Co., Ltd. for 200,000 shares, BNK Securities Co., Ltd. for 600,000 shares, Investment Arm, returning investors Dongil Steel Co., Ltd. for 3,480,000 shares, Dong Won Housing Co., Ltd. for 1,820,000 shares, DONGWON TRADING CO., LTD. 700,000 shares, Sewon Steel Co., Ltd. for 600,000 shares, and Dongil Suite Co., Ltd. for 600,000 shares. The company will issue the securities third party allocation increase.

The securities to be issued in the transaction are subject to a hold period of one year. The company expects to close the transaction on April 12, 2022. The transaction was approved by the board of directors of the company.