Ecopro Global Co., Ltd. announced a private placement of 8,000,000 common shares at the price of KRW 10,000 per common share for gross proceeds of KRW 80,000,000,000 on September 27, 2022. The transaction included participation from returning investor, Ecopro BM. Co., Ltd. The shares will be issued through third party allotment.

The expected payment date is October 31, 2022. The transaction has been approved by board of directors of the company.