The Century Co., Ltd. announced a private placement of 200,500 shares at an issue price of KRW 9,980 per share for gross proceeds of KRW 2,000,990,000 on January 24, 2022. The transaction included participation from Koryo Energy Sales Co., Ltd. The transaction is expected to close on February 03, 2022. The transaction was approved by the board of directors of the company.

The securities to be issued will have a hold period of one year. The company will receive through 3rd party allocation.