Dual Electronics Corporation announced that it will issue 8,000,000 common shares at an issue price of KRW 1,307.10 per share for gross proceeds of KRW 10,456,800,000 on March 23, 2023. The transaction will include participation from returning investor, Namsung Corp. The transaction is expected to close on April 3, 2023.

The transaction has been approved by the board of directors of Namsung Corp.