Haesung Optics Co., Ltd. announced a private placement of 32,000,000 shares at an issue price of KRW 843 per share for gross proceeds of KRW 26,976,000,000 on August 27, 2021. The transaction will involve participation from Ulmers-TRI Restructuring Fund 2 and will hold 28.16% in the company, post the closing. 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 October 15, 2021. The shares are expected to be listed on November 1, 2021. The transaction has been approved by the board of directors of the company.