WiPAM STC, Inc. announced a private placement of 200 common shares at a price of KRW 20,000,000 per share for gross proceeds of KRW 4,000,000,000 on November 24, 2021. The company issued the securities to Wireless Power Amplifier Module Inc. on the basis of shareholder allocation increase. The shares carry a par value of KRW 5,000 per share. The number of new shares allocated per share (shares) is 0.02.