Creative & Innovative System Corporation announced a private placement of 2,964,427 common shares at a price of KRW 10.120 per share for the gross proceeds of KRW 30,000,001,240 on August 14, 2023. The shares will be allocated through third-party share allocation method. The transaction is expected to close on August 23, 2023.

The transaction will include participation from returning investor, SFA Engineering Corporation.