Kolon Lifestyle Company Co., Ltd. announced that it will issue 10,000 common shares at a price of KRW 50,000 per share for gross proceeds of KRW 500,000,000 on December 14, 2023. The transaction include the participation from returning investor Kolon Mobility Group Corporation hold 100% stake in the company. The company will issue the shares through shareholder allocation increase method.

The transaction has been approved by the board of directors.