Yulho Co., LTD. (KOSDAQ:A072770) announced a private placement of 2,290,076 common shares at the price of KRW 1,310 per share for gross proceeds of KRW 2,999,999,560 on August 13, 2020. The transaction will include participation from returning investor JungHee Park. The company will issue shares of par value of KRW 500 per share through third party allocation method. The shares will be locked up for a period of one year. Post closing, the total number of shares issued will increase from 36,676,928 shares to 38,967,004 shares. The transaction has been approved by board of directors of the company. The payment date for the transaction is October 14, 2020.