Fidelix Co., Ltd. (KOSDAQ:A032580) announces a private placement of 1,600,000 common shares of face value KRW 500 per share at issue price of KRW 1,695 per share for gross proceeds of KRW 2,712,000,000 on February 26, 2019. The transaction will include participation from returning investor, Tongxin Semiconductor Limited. The transaction will be through third party allotment.

The transaction is expected to close on March 29, 2019. The transaction has been approved by the board of directors of the company. The shares issued will be subject to a hold period of one year.