TL Engineering Co., Ltd. announces private placement of 64,000 Common Stock at an issue price of KRW 2,500 for gross proceeds of KRW 160,000,000 on October 12, 2023. The transaction is expected to close on November 2, 2023.The transaction has been approved by the board of the company. The transaction will include participation from Shin, Jin Sil, Kim, Dong Won, Lee, Moon Sang, Kim, In Ho, Hwang, Young No, Park, Duk Soo, Shin, Myung Eun, Lee, Chang Soo, Kim, Tae Soo, Kim, Ho Jung, Hwang, Jae Hwa, Jang, Sung Jin, Kim, Ki Il, Lee, Gun Hee, Bae, Sung Won and Seo, Jae Hoon.