Excello Equine R&D Center Co., Ltd. announced a placement of 15,000 common shares at an issue price of KRW 1,000,000 for gross proceeds of KRW 15,000,000,000 on January 13, 2023. The transaction will include participation from returning investor Harim Holdings Co., Ltd. for 15,000 shares. The expected date of payment is January 30, 2023.

The transaction has been approved by board of directors of the company.