Is Shipping Co., Ltd. announced a private placement of 8,000,000 shares at an issue price of KRW 1,500 per shar for proceeds of KRW 12,000,000,000 on September 25, 2023. The transaction will include participation from returning investor IS DongSeo Co., Ltd. The transaction has been approved by the board of directors of the company. The securities will be issued pursuant to shareholder allocation method.

The transaction is expected to close on October 4, 2023.