Sacheon Aerospace Manufacturing Ind. Co., Ltd announced a private placement of 5,600,000 common shares at issue price of KRW 500 per share for gross proceeds of KRW 2,800,000,000 on March 4, 2022. The transaction will include participation from SEO2 Co., Ltd. for 200,000 shares, Hwasungjangan Co.

Ltd for 500,000 shares, Soo-cheol Park for 1,000,000 shares, Sang-wook Park for 500,000 shares, Kyung-jin Kim for 200,000 shares, Young-taek Lee for 200,000 shares, Yoo-jin Park for 200,000 shares, Ye-bin Han for 130,000 shares, Sam-yeol Yang for 100,000 shares, chon Kim for 100,000 shares, Dahee Lee for 70,000 shares, Soo Kim Lee for 50,000 shares, Jun-seok Kim for 100,000 shares, returning investors, Group Lee Co., Ltd. for 1,800,000 shares, Vkeeper Company for 450,000 shares. The transaction is expected to close on March 14, 2022. The transaction has been approved by the board of directors of the company.

The shares to be issued are subject to a hold period of one year from the closing of the transaction.