Pusan Cast Iron Co., Ltd. announced a private placement of 9,124,087 common shares at an issue price of KRW 548 per share for gross proceeds of KRW 4,999,999,676 on December 3, 2021. The transaction is expected to close on December 13, 2021. The transaction was approved by the board of directors of the company. The securities are issued through third-party allocation capital increase method.