LOTTE Versalis Elastomers Co., Ltd. announced that it will receive 15,000,000 common shares at an issue price of KRW 5,000 per share for aggregate gross proceeds of KRW 75,000,000,000 on April 11, 2024. The transaction include the participation from returning investor Lotte Chemical Corporation will issue 5,000,000 common shares for gross proceeds of KRW 25,000,000,000. The company will issue the shares through shareholders' Allotment Increase method.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 31, 2024.