Doosan Engineering & Construction Co., Ltd. announced a private placement of 182,615,048 common shares at a price of KRW 1,369 per share for gross proceeds of KRW 250,000,000,712 on November 19, 2021. The transaction will include participation from The Zenith Holdings Ltd. The shares will be issued a premium. The shares will have a lock up period of one year. Post the closing, the number of shares will increase from 300,456,439 to 483,071,487. The shares will be issued through third party allocation method. The payment date is December 21, 2021. The transaction has been approved by the board of directors of the company.