Hanon Systems announced a private placement to issue 65,144,960 shares at an issue price of KRW 5,605 per share for the gross proceeds of KRW 365,137,500,800 on May 3, 2024. The transaction will include participation from new investor Hankook Tire & Technology Co., Ltd. The transaction has been approved by shareholders and is expected to close on August 3, 2024. The securities are restricted to a hold period.