Eco Volt Co.,Ltd. announced a private placement of 5,000,000 common shares at an issue price of KRW 1,000 per share for the gross proceeds of KRW 5,000,000,000 on November 21, 2023. The transaction will include participation from returning investor Osung Advanced Materials Co., Ltd. The transaction has been approved by the shareholders of the company. The shares are restricted to a hold period of 1 year.

The transaction is expected to close on January 15, 2024.