Jeonjinbio Co., Ltd. announced a private placement of 123,750 shares at a price of KRW 8,000 per share for gross proceeds of KRW 990,000,000 on October 31, 2017. The shares will be issued at a premium with par value of KRW 500 per share. The subscription period is from November 6, 2017 to November 7, 2017. The payment date is November 9, 2017. The company will incur issue expenses of KRW 5,000,000 including, KRW 2,500,000 for commission, KRW 2,000,000 for increase in capital registration expenses and KRW 500,000 for other expenses.