Naver Hands Co., Ltd. announced a private placement of 330 common shares at an issue price of KRW 50,000 per share for gross proceeds of KRW 16,500,000 through capital increase on August 11, 2022. The shares are having face value of KRW 5,000 per share. The transaction will include participation from NAVER Corporation.

The company will issue securities by third party allocation method. The transaction has been approved by the board of directors of the company.