Chemon Co., LTD. announced a private placement of 939,000 common shares at KRW 9,600 per share for gross proceeds of KRW 9,014,400,000 on June 27, 2016. The shares carry a face value of KRW 500 each and will be issued at a premium. The transaction will include participation from new investors, AJU Life Sciences Overseas Expansion Platform Fund, a fund managed by AJU IB INVESTMENT Co., Ltd., AJU Initial Commercialization Investment Partnership, IBK-AJU Star Seekers No.1 PEF, a fund managed by a fund managed by AJU IB INVESTMENT Co., Ltd., and Korea Investment & Securities Co., Ltd. for 105,840 shares, 208,330 shares, 520,830 shares, and 104,000 shares respectively.

The company will issue the securities via third party allotment method. The payment date for the shares is expected on July 11, 2016. Post the closing of the transaction, the company shall have 8,211,731 outstanding shares.

The transaction was approved by the board of directors of the company.