HST Co., Ltd. announced a private placement of 366,000 common shares at the price of KRW 50,000 per share for gross proceeds of KRW 18,300,000,000 on November 12, 2021. The transaction will include participation from Hanwha Systems Co., Ltd. The company will issue shares of par value of KRW 5,000 per share through third party allocation method. The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 36,676,928 shares to 38,967,004 shares. The transaction has been approved by board of directors of the company.