Carrot General Insurance Co. Ltd. announced a private placement of 16,728,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 83,640,000,000 and 1,272,000 convertible preferred shares for gross proceeds of KRW 5,000 per share for gross proceeds of KRW 6,360,000,000, for aggregate gross proceeds of KRW 90,000,000,000 on May 25, 2021. The payment date of the transaction is June 18, 2021. The transaction has been approved by the board of directors.