Advanced Nano Products Co., Ltd. announced that it will issue 68,620 redeemable preferred stock of face value of KRW 500 per share at issue price of KRW 29,147 per share for gross proceeds of KRW 2,000,067,140 on May 24, 2021. The transaction will include participation from KDB Capital Corporation, Investment Arm. The transaction is through third party allotment method. The preferred shares will be redeemable at KRW 29,147 per share beginning from December 1, 2024 to December 31, 2024. The transaction is expected to close on June 25, 2021. The eligibility data for dividend payout on new shares is January 1, 2021. The transaction has been approved by the board of directors of the company. The preferred shares are subject to a lock up period of one year.