Hyundai Chemical Co., Ltd. announced a private placement of 60,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 300,000,000,000 on March 23, 2021. The transaction will include participation from existing investors Hyundai Oilbank Co., Ltd. and Lotte Chemical Corporation (KOSE:A011170). The Hyundai Oilbank Co., Ltd. will continue to hold 60% stake subscribing to 36,000,000 shares for KRW 180,000,000,000 and Lotte Chemical Corporation (KOSE:A011170) will hold 40% stake subscribing to 24,000,000 shares for KRW 120,000,000,000 in the company. The transaction has been approved by the board of directors of the company. The company expects to close the transaction on April 13, 2021. The company will issue capital in Paid increase method. The shares will be issued at par.