Chuou International Group Co., Ltd. announced that it has will issue 280,052 shares at issue price of ¥250 per share for gross proceeds of ¥70,013,000 on June 8, 2022. The company will issue the shares to the shareholders of the company. The transaction is expected to close on August 12, 2022.

The company will incur an issuance expense of ¥600,000 in relation to the transaction receiving net proceeds of ¥69,413,000. The transaction has been approved by the board of directors of the company.