HYUNDAI FEED Inc. announced that it will issue 234,392 common shares of par value, KRW 100 at a price of KRW 26,992 per share for gross proceeds of KRW 6,326,708,864 on July 7, 2022. The company will issue shares through third party allocation increase. The transaction will include participation from CANARIABIO M Inc. The payment date for shares is July 20, 2022.

The transaction has been approved by board of directors of the company. The shares carry a hold period of one year.