HSD Engine Co., Ltd. announced a private placement of 11,903,148 common shares at an issue price of KRW 7,520 per share for the gross proceeds of KRW 89,511,672,960 on February 16, 2023. The transaction will include participation from Hanwha Impact Co., Ltd. The shares are allotted through third party allocation increase method. The transaction has been approved by the shareholders of the company.