Myoung Shin Industrial Co., Ltd. announced a private placement of 1,819,954 type 1 convertible preferred shares with voting right at KRW 15,385 per share for KRW 27,999,992,290 and 250,000 type 2 convertible preferred shares without voting rights at KRW 20,000 per share for KRW 5,000,000,000, for total gross proceeds of KRW 32,999,992,290 with new investor, Dominus New Growth Private Equity Fund on December 14, 2013. The transaction will happen through third party allotment. The payment date will be December 23, 2013.

The board of directors of the parent of the company has approved the transaction. The company reported total assets of KRW 102,683,310,608 for the year ended 2012.