Sole Materials Co., Ltd. announced a placement of 53,500 common shares at an issue price of KRW 187 per share for gross proceeds of KRW 10,004,500 on September 20, 2023. The transaction included participation from returning investors, Hansol Chemical Co., Ltd. for 48,150 shares increasing its stake from 63% to 72.410% and returning individual investor, Yeon Joo Cho for 5,350 shares increasing its stake from 7% to 8.050%