Chinyang AMC Co. Ltd. announced a private placement of 100,000 common shares at a price of KRW 50,000 per share for gross proceeds of KRW 5,000,000,000 on June 11, 2018. The face value of shares is KRW 5,000. The transaction will include participation from the returning investor Chinyang Holdings Corp. (KOSE:A100250). The transaction is expected to close by June 19, 2018. The transaction was approved by the board of directors of the investor.