Cayman Golden Century Wheel Group Limited announced that it will issue 3,012,048 common shares at a price of KRW 332 per share for gross proceeds of KRW 999,999,936 on April 8, 2022. The transaction will include participation from JK Holdings Co., Ltd. The securities are issued through 3rd party allocation method. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on April 25, 2022.