Daiyang Metal Co., Ltd. announced a private placement of 8,547,008 common shares at a price of KRW 1,170 per share for the gross proceeds of KRW 9,999,999,360 on November 2, 2023. The transaction will include participation from new investor, PH Fund 2 and individula investor, Gong Gapsang for 4,273,504 shares each. The transaction has been approved by the shareholders of the company and is expected to close on December 15, 2023.