Jeonjinbio Co., Ltd. announced that it will issue 498,631 shares of par value, KRW 500 at a price of KRW 3,605 per share for gross proceeds of KRW 1,797,564,755 on June 30, 2022. The company will issue shares through third party allocation method. The transaction has been approved by board of directors of the company.

The payment date for the transaction is July 8, 2022. The total number of shares issued prior to transaction are 6,341,369 shares.