Chungho Ict Co.,Ltd. announced a private placement to issue 10,989,011 common shares at an issue price of KRW 910 per share for gross proceeds of KRW 10,000,000,010 on June 21, 2023. The transaction included participation from returning investor, JAT Holdings PLC. The transaction has been approved by the board of directors of the company. The company is expected to close the transaction on July 26, 2023.

On Same date, the company announced a private placement to issue 5,494,506 common shares at an issue price KRW 910 per share for gross proceeds of KRW 5,000,000,460. The transaction included the participation from returning investor JAT Holdings PL for 5,494,506 shares. The company will issue shares through third-party allocation. The company is expected to close the transaction on July 19, 2023.