G Enone Energy Co.,Ltd. announced a private placement of 1,234,567 common shares at a price of KRW 8,100 per share for the gross proceeds of KRW 9,999,992,700 on April 4, 2023. The transaction will include participation from Swallow Fund for 1,234,567 shares. The company will issue shares third-party allotment.

The transaction has been approved by the shareholders of the company and is expected to close on May 4, 2023. The shares are restricted to a hold period of one year from the date of issuance.