Sun Capital Management Corp. announced a private placement and entered into agreement with new investor SUN ORGANIC FARM Co. Ltd. to issue 4,000,000 Series 14th Stock Acquisition Rights at an issue price of ¥5 per right for the gross proceeds of ¥20,000,000 on May 7, 2024.

The transaction has been approved by shareholders and is subject to general shareholders which is to be held on May 29, 2024 and is expected to close on May 29, 2024.