CLOVER HITECH.CO., LTD. announced a private placement of 5,000,000 shares at the price KRW 1,000 per share for gross proceeds of KRW 5,000,000,000 on December 29, 2021. The 3rd party allocation increase transaction will include participation from existing investor Welkeeps Co.,Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on January 28, 2022.