Cronex Co., Ltd. announced a private placement of 1,229,375 common shares at an issue price of KRW 4,560 per share for gross proceeds of KRW 5,605,950,000 on June 21, 2021. The company will raise funding through third-party allotment. The transaction is expected to close on June 29, 2021 and expected listing date of new shares is July 16, 2021. The transaction has been approved by the board of directors. The transaction will include participation from new investors C&BICT Co., Ltd for 110,000 shares, Daejeong Holdings Co., Ltd for 109,650 shares, Salvacion Co., Ltd. for 109,650 shares, Mystic Partners Co., Ltd for 110,000 shares, new individual investors Kim, Mi-seong for 22,000 shares, Seong, Seok-gi for 22,000 shares, Kang-wook Seol for 22,000 shares, Hyun-wook Baek for 11,000 shares, Gyu-Yong Cha for 110,000 shares, Jin-han Bae for 87,720 shares, Jae-ho Jeon for 21,930 shares, Byeong-hwa Jeon for 10,965 shares, Ji-hoon Shin for 98,685 shares, Hae-jin Park for 10,965 shares, Yeon-ah Jeong for 10,965 shares, Min-seon Lee for 109,650 shares, Nam-hoon Kim for 87,720, Eun-jeong Lee for 21,930 shares, Ri-an Kim for 10,965 shares, Hyeon-kyeong Yoo for 21,930, In-taek Goo for 32,895 shares, Jeong-ae Lee for 10,965 shares, Myeong-eun Choi for 10,965 shares, Kyeong-nyeon Choi for 10,965 shares, Hyeon-joo Noh for 21,930 shares and Hye-jin Lee for 21,930 shares.