FreshOne Inchon Co.,Ltd announced a private placement of 3,200,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 16,000,000,000 on May 11, 2021. The shares will be issued at par. The transaction will include participation from CJ Freshway Corporation (KOSDAQ:A051500). The capital increase method is shareholder allocation increase. Post the closing of the transaction, the investor will hold 99.855 stake in the company. The number of new shares allocated per share 627.4509804. The new stock allocation base date is May 19, 2021. The payment date of the transaction is May 20, 2021. The transaction was approved by the board of directors of the company.