Haesung Optics Co., Ltd. announced a private placement of 1,768,867 shares at an issue price of KRW 848 per share for gross proceeds of KRW 1,499,999,216 on April 20, 2022. The transaction will involve participation from TRS Co., Ltd. The shares to be issued will have a hold period of one year, post the closing. The company will issue shares through third party allocation method.

The payment date is April 28, 2022. The shares are expected to be listed on May 13, 2022. The transaction has been approved by the board of directors of the company.