KNW Co., Ltd. (KOSDAQ:A105330) announced a private placement of 500,251 Redeemable Convertible Preferred Stock on February 23, 2021. The securities will be issued at face value of KRW 5,000. The securities will issued at third party allocation basis to Samsung Securities Co., Ltd. (KOSE:A016360), NH Investment & Securities Co., Ltd. (KOSE:A005940), Hanyang Securities Co.

Ltd. (KOSE:A001750). The transaction has been approved at board of the company. The securities will be convertible into common shares for the gross proceeds KRW 10,000,017,490.