Hanwha Hotels & Resorts Co., Ltd. announced that it has received KRW 59.7065 billion in funding from Hanwha Solutions Corporation, Hanwha Corporation, Hanwha Engineering & Construction Corp. and other investors

On November 25, 2021, Hanwha Hotels & Resorts Co., Ltd. closed the transaction. The company has issued 597,065 common shares for gross proceeds of KRW 59,706,500,000. The transaction included participation from returning investors Hanwha Solutions Corporation for KRW 28,778,900,000, Hanwha Corporation for KRW 29,918,700,000, Hanwha Engineering & Construction Corp.

for KRW 1,001,800,000 and other shareholders for KRW 7,100,000. Pursuant to the transaction, Hanwha Solutions Corporation's and Hanwha Corporation's stake will increase from 47.88% to 47.9% and 49.78% to 49.8% respectively and Hanwha Engineering & Construction Corp. will continue to hold 1.67% stake.