Conbuzz Co., Ltd announced a private placement of 183,821 common share at a issue price of KRW 544 for gross proceeds of KRW 99,998,624 on April 14, 2021. The face value of the shares to be issued is KRW 500 per share. The transaction included participation from individual investors Choi, Yoon Hee for 55,147 shares, Kim, Jong-heon for 49,632 shares, Jang, Soon Hee for 29,411 shares, Kim, Nam-deok for 20,220 shares, Jung, Seok Hyun for 18,382 shares, and Yoo, Kyung Yoon for 11,029 shares. The securities are issued through third party allocation method. The transaction is expected to close on April 22, 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.