Tony Investment CO., Ltd. announced a private placement of 1,960,000 common shares at an issue price of KRW 5,000 for gross proceeds of KRW 9,800,000,000 on May 19, 2020. The transaction will involve participation from returning investor Tonymoly Co., Ltd (KOSE:A214420) for 980,000 shares, and individual investors, Hae-dong Bae for 700,000 shares, Jin Hyung Bae for 140,000 shares, and Sungwoo Bae for 140,000 shares. The transaction has been approved by the board of directors of the company. The company will issue securities through third party allocation method. The transaction is expected to close on May 20, 2020.