Sunjin Farm Co., Ltd. announced a private placement of 200,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 1,000,000,000 on July 19, 2021. The shares will be issued at par. The transaction will include participation from Sunjin Co.,Ltd. The subscription and payment date of the transaction is July 27, 2021.

The transaction has been approved by the board of directors of the company. Post the transaction, the investor will hold 100% stake in the company.