Samyang Packaging Corporation announced a private placement of 1,578,867 common shares at the price of KRW 24,100 per share for gross proceeds of KRW 38,050,694,700 on February 7, 2022. The transaction will include participation from SK Geo Centric Co., Ltd. The company will issue shares of par value of KRW 5,000 per share through third party allocation method. The shares will be locked up for a period of one year.

The transaction has been approved by board of directors of the company. The payment date for the transaction is February 24, 2022.