The Board resolution dated November 23, 2021, the BOD of Fecon Corporation approved to adjust the list of professional investors to buy shares in the private placement as follows:
No.
Full name
Position
Strategic investor/ Professional investors
Foreign investor/Domestic investor
Volume before trading (share)
Distributed volume (estimated) (share)
% ownership ratio after trading
1
Raito Kogyo Joint Stock Company
Person related to Mr. Satoyaki Yamane – member of BOD
professional investor
foreign investor
24,167,682
16,000,000
25.51%
2
Red One Infrastructure Investment Fund
none
Professional investor
Domestic investor
0
10.16%