Hansongneotech Co.,Ltd. announced a private placement of 6,976,745 common shares at a price of KRW 2,914 per share for gross proceeds of KRW 20,330,234,930 on February 21, 2022. The transaction will include participation from new investor Alpha Holdings, Inc. The transaction was approved by the board of directors of the investor. The company expects to close the transaction on May 30, 2022.