Earth & Aerospace Manufacturing Ind. Co.,Ltd announced private placement that it will issue 4,000,000 common shares at an issue price of KRW 2,500 for the gross proceeds of KRW 10,000,000,000 on December 21, 2023. The transaction will include participation from BS Boseung Co., Ltd for 1,200,000 shares, SEOTO Co., Ltd for 480,000 shares, SC Energy Solution Co., Ltd. for 520,000 shares, Agricultural Corporation Company Green Smart Farm Co., Ltd for 400,000 shares, RAYREX Co., Ltd for 1,400,000 shares.

The transaction has been approved by the shareholders of the company and is restricted to a hold period of one year from the date of issuance. The transaction is expected to close on December 29, 2023. The transaction is approved by board of directors