HT Investment Purpose Co., Ltd. announced that it will issue 710,000 common shares at KRW 100,000 for gross proceeds of KRW 71,000,000,000 on May 9, 2016. Each share has a face value of KRW 100 and will be issued at a premium. The transaction will include participation from returning investors, Hansol Chemical Co., Ltd. for 355,000 shares to retain 50% stake and NHAJUIB Growth 2013 Private Equity Fund, a fund co-managed by AJU IB INVESTMENT Co., Ltd. and NongHyup Bank, Investment Arm for 355,000 shares to retain 50% stake in the company.

The company will issue shares to Hansol Chemical Co., Ltd. in tranches of which 62,500 common shares will be issued in the first tranche closing and 292,500 common shares in its second tranche closing. The subscription date is May 12, 2016. The transaction has been approved by the board of directors of the Hansol Chemical Co., Ltd.