ICH Co., Ltd. announced a private placement of 544,081 common shares of par value KRW 100 at KRW 3,676 per share for gross proceeds of KRW 2,000,041,756 on November 2, 2023. The transaction will include participation from individual investors Younghoon Kim subscribed 81,611 shares, Ki-wan Lim subscribed 27,204 shares , Minho Kim 19,043 shares, Jeong-ryul Kim 27,204 shares, Younghoon Jang 5,441 hares, Ki-kwang Hong 27,204 shares, JiHan Oh 27,204 shares, Jeong-min Ryu13,602 shares, Gwangjin Choi 13,602 shares, Jonghyuk Kim 8,162 shares and Myung-ho Kim 13,602 shares. The shares will be issued through third party allotment method.

The shares issued in the transaction hold a lock up period of one year. The transaction is expected to close on November 15, 2023.