DreamCIS, Inc. announced a private placement of 266,666 common stock at the price of KRW 11,250 per shares for gross proceeds of KRW 2,999,992,500 on March 17, 2022. The company will issue shares of par value of KRW 500 per share through third party allocation method. The payment date for shares is March 28, 2022.

The transaction included participation from Yoo, Jung Hee. The total number of shares issued prior to transaction are 5,659,054. The securities issued will be subject to restriction period of one year from issuance.

The transaction is approved by the board of directors of the company.