SK Hi-Tech Battery Materials Poland Spolka Z Ograniczona Odpowiedzialnoscia announced a private placement of common shares for gross proceeds of KRW 299,775,000,000 on October 14, 2021. The transaction will include participation from returning investor SK IE Technology Co., Ltd. The investor will retain its 100% stake in the company. The company will issue shares through shareholder allocation increase method. The transaction has been approved by board of directors of the company.