CJ CGV Co., Ltd. announced a private placement of 6,818,182 common shares at a price of KRW 22,000 per share for the gross proceeds of KRW 150,000,004,000 on July 8, 2022. The shares issued in the transaction have a par value of KRW 500 per share. The transaction will take place through third party allotment.

The transaction was approved by the board of directors of the company on July 8, 2022.. The transaction is expected to close on July 28, 2022.