Yulho Co., Ltd. announced a private placement of 5,567,928 shares at an issue price of KRW 1,796 for a gross proceeds of KRW 9,999,998,688 on March 7, 2023. The transaction will include participation from returning investor, Taeyoung ENG Holdings Co., Ltd. for 5,567,928 shares. The transaction issued shares through third party allocation method.

The transaction is expected to close on June 8, 2023. The transaction has been approved by the board of directors of the company.