Hanwha Intelligence Co., Ltd. announced a private placement of 190,000 common shares at the price of KRW 50,000 per common share for gross proceeds of KRW 9,500 million on August 8, 2022. The company will increase its capital through shareholder allocation increase. The round included participation from Hanwha Systems Co., Ltd. for 96,000 common shares, amounting to KRW 4,800 million taking its stake in the company to 50.77%.

The transaction has been approved by the board of directors of the company.