Ulsan GPS Corporation announced a private placement of 8,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 40,000,000,000 on July 16, 2021. The transaction will include participation from returning investor SK Gas Co., Ltd. The transaction has been approved by the board of directors of the investor. The transaction is expected to close on July 28, 2021.