Plasmapp Co., Ltd. announced a private placement and it will issue 897,364 common shares at an issue price of KRW 6,090 per share for gross proceeds of KRW 5,464,946,760 on June 20, 2023. The transaction will include participation from new investor, C & C Co., Ltd. for 32,840 common shares, Co-CEO of the largest shareholder, Lim, Yoo Bong for 16,420 common shares, Co-CEO, Yoon, Sam Jung for 26,272 common shares, officers, Cha, Cheol Hoon for 1,642 common shares, Park, Sang Joon for 821 common shares, Yeo, Hyun Dong for 4,926 common shares, Hwang, Kyu Ho for 4,926 common shares, Lee, Jung Hoon for 3,284 common shares, Hong, Yu Dong for 4,926 common shares, Lee, Jang Woo for 4,926 common shares, and Park, Sung Hoon for 4,926 common shares, new individuals investors Lim, Charles Changwan for 279,146 common shares, Lim, Alexandra for 213,464 common shares, Kang, Bu Hwan for 13,136 common shares, Kim, Don, Hyun for 8,210 common shares, Kim, Min Kyu for 4,926 common shares, Ahn, Doo Ri for 3,284 common shares, Kim, Young Soo for 8,210 common shares, Park, Man Sik for 8,210 common shares, Jeong, Ok Yeon for 8,210 common shares, Choi, Sung Ho for 16,420 common shares, Kim, Yong Ki for 19,704 common shares, Kwon, Soon Yong for 9,852 common shares, Kwon, Song Yi for 49,700 common shares, Hong, Tae Yoon for 8,000 common shares, Hong, Yuna for 8,000 common shares, Park, Rae Wook for 16,400 common shares, Yoo, Jung Woo for 8,210 common shares, Kim, Sung Ho for 49,261 common shares, Yeom, Moon Sub for 4,926 common shares, Jang, Ho Yeol for 4,926 common shares, Cheon, Se Young for 4,926 common shares, Jung, Hyung Goo for 3,284 common shares, Choi, Sumi for 4,926 common shares, Kwon, Joo Hong for 4,926 common shares, Park, Jun Seok for 4,926 common shares, Eom Joo Won for 8,210 common shares, Yeon, Je Woong for 4,926 common shares, Choi, Ho Sik for 4,926 common shares and Kim, Jinsook for 8,210 common shares. The company will receive funding through third party allocation method.

The payment date for the transaction is June 28, 2023. The common shares have a lock up period of one year. The transaction has been approved by the board of directors of the company.