Organic Tea Cosmetics Holdings Company Limited announced a private placement of 40,000,000 shares at an issue price of KRW 500 per share for gross proceeds of KRW 20,000,000,000 on June 27, 2022. The company is raising funding through third party allotment method. The transaction will include participation from returning investor Jinzheng Investment Co PTE.

LTD. for 23,000,000 shares and from new investor Zhuohua Investment Holdings PTE. LTD for 17,000,000 shares. The payment date July 15, 2022.

The transaction has been approved by the board of directors. All securities issued in the transaction have a hold period of one year.