Willings Co., Ltd. announced a private placement of 391,389 common shares of par value KRW 500 per share, at an issue price of KRW 25,550 per share for gross proceeds of KRW 9,999,988,950 on September 29, 2021. The transaction will include participation from Peach Finance Investment Association No. 2. The company will issue the securities through third party allotment method.

The securities to be issued in the transaction are subject to a hold period of one year. The company expects to close the transaction on November 18, 2021. The transaction was approved by the board of directors of the company.