Kite 20th Consignment Management Real Estate Investment Company announced a private placement of 3,000,000 shares at an issue price of KRW 5,000 for gross proceeds of KRW 15,000,000,000 on November 26, 2021. The investor will acquire 75% stake in the company through this transaction. The transaction is excepted to close on November 30, 2021.

The transaction was approved by the board of directors of the company.