Daewoo Shipbuilding & Marine Engineering Co., Ltd. announced a private placement of 104,438,643 common shares at an issue price of KRW 19,150 per share for gross proceeds of KRW 2,000,000,013,450 on September 26, 2022. The transaction will involve participation from new investors, Hanwha Impact Partners INC for 20,887,728 shares, Hanwha Energy Corporation Singapore Pte. Ltd. for 1,566,580 shares, Hanwha Systems Co., Ltd. for 26,109,661 shares, Hanwha Aerospace Co., Ltd. for 52,219,321 shares, SIT CO., LTD. for 1,566,580 shares and Hanwha Energy Corporation Japan for 2,088,773 shares and have signed the investment agreement.

The transaction is subject to third party assignment. The shares are issued at discount. The shares have the holding period of one year.

The company will issue shares through third-party allotment method. The transaction has been approved by the board of directors of the company.