Conbuzz Co., Ltd announced a private placement of 919,113 common share at a issue price of KRW 544 for gross proceeds of KRW 499,997,472 on March 11, 2021. The face value of the shares to be issued is KRW 500 per share. The transaction included participation from individual investors Seunghyun Kim for 367,647 shares, Sungjin Lee for 91.911 shares, Miyeong Jang for 91,911 shares, Youngho Noh for 91,911 shares, Jong-seo Kim for 91,911 shares, Gilnam Oh for 91,911 shares, Hee- suk Park for 91,911 shares. The securities are issued through third party allocation method. The transaction is expected to close on March 19, 2021. The transaction was approved by board of directors of the company. All the securities in the transaction will have a holding period of one year, post the closing.