Chinyang AMC Co. Ltd. announced that it will issue 100,000 common shares at a face value of KRW 5,000 per share at a price of KRW 50,000 per share for gross proceeds of KRW 5,000,000,000 to existing investor Chinyang Holdings Corp. (KOSE:A100250) on October 26, 2018. The company has a total number of 898,000 issued shares. The company will issue the shares through allocation to shareholders method of capital increase. The record date of new shares allotment is October 29, 2018, payment and subscription date of November 7, 2018. The transaction has been approved by the board of directors of the investor.