Qyuro F & B Co., Ltd. announced a private placement of 22,400,000 common shares at a price of KRW 500 per share for the gross proceeds of KRW 11,200,000,000 on September 4, 2020. The transaction will include participation from existing investor Curo Holdings Co., Ltd. (KOSDAQ:A051780) for 8,819,971 shares. The shares will be issued at par. The company will raise funding through shareholder allocation method. The transaction is expected to close on September 7, 2020. Post-closing, the total number of shares issued will increase from 15,441,718 shares to 37,841,718 shares. The transaction has been approved by the board of directors of the company.