Redwoods Contents Co., Ltd. announced a private placement of 510,000 common shares at the price of KRW 1, 000 per common share for gross proceeds of KRW 510,000,000 on May 22, 2024. The transaction will include participation from returning investor Redwoods Co.,Ltd. The payment date for the transaction is May 22, 2024. The transaction has been approved by the board of directors of the company.