P&O Chemical Co., Ltd. announced a private placement of 1,139,850 common shares at a price of KRW 4,999.780672895556 per share for gross proceeds of KRW 5,699,000,000 on April 20, 2022. The transaction will include participation from returning investor Posco Chemical Co., Ltd. The transaction is approved by the board of the directors of the parent company Posco Chemical Co., Ltd. The transaction is expected to close on May 10, 2022.