Hanchang Biotech Co., Ltd. announced a private placement of 6,459,948 common shares at a price of KRW 1,935 for gross proceeds of KRW 12,499,999,380 on August 4, 2022. The shares are issued at a discount of 10%. The transaction will include participation from Jeonheung CNC Co., Ltd. The company is issuing shares through third-party allocation. The date of subscription and expected date of payment is October 02, 2024. The transaction is approved by the board of directors of the company. The company has announced the payment date of September 15, 2022.