LOTTE GS Chemical Co announced a private placement of 14,000,000 shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 70,000,000,000 on March 3, 2021. The face value of share is KRW 5,000 per share. The transaction will include participation from returning investor, Lotte Chemical Corporation for 7,140,000 shares for gross proceeds of KRW 35,700,000,000 to retain its 51% stake in the company. The company is raising funding through shareholder allocation increase method. The transaction has been approved by the board of directors. The payment date of the transaction is March 18, 2021.