We-Dream Co.,Ltd announced a private placement of 71,200 common shares at KRW 5,000 per share for gross proceeds of KRW 356,000,000 on June 3, 2016. Existing shareholder Amorepacific Corp. (KOSE:A090430) will participate in the transaction and the number of new shares allocated per 1 existing share is 7.12 shares. The payment date is June 8, 2016. The transaction has been approved by the board of directors of the investor at its general meeting of stockholders according to commercial law 383 and 416.