Semisysco Co., Ltd announced a private placement of 292,887 common shares at the price of KRW 23,900 per share for gross proceeds of KRW 6,999,999,300 on September 1, 2021. The transaction will include participation from Energy Solutions Co.,Ltd. The company will issue shares of par value of KRW 500 per share through third party allocation method. The shares will be locked up for a period of one year.

Post closing, the total number of shares issued will increase from 6,932,908 shares to 7,187,795 shares. The transaction has been approved by board of directors of the company. The payment date for the transaction is on October 29, 2021.