Cafe24 Corp. announced a private placement of 341,296 common shares of par value, KRW 500 at a price of KRW 29,300 per share for gross proceeds of KRW 9,999,972,800 on November 3, 2021. The transaction will include participation from new investor, Viva Republica Inc. The transaction is by way of third party capital increase. The transaction has been approved by board of directors of the company. The transaction is expected to close on November 11, 2021. The shares are subject to a hold period of one year. At present, the total number of shares issued are 22,155,902 shares.