KT Sports Co., Ltd. announced a private placement of 12,722,646 common shares at issue price of KRW 786 per share for gross proceeds of KRW 9,999,999,756 on November 16, 2022. The transaction will include participation from returning investors, KT Corporation for KRW 4,791,139,242 , BCcard Co., Ltd., KT Skylife Co. Ltd. for KRW 1306,673,124, ktcs corporation, KTIS Corporation and other investors, kt estate, LTD. and Nasmedia Co., Ltd. The transaction has been approved by the board of directors of the company.

The payment date of the transaction is December 21, 2022. The company will issue shares through 3rd party allotment method. The shares will be issued at discount.