Evps Co., Ltd. announced a private placement of 1,666,667 common shares at an issue price of KRW 1,200 per share for the gross proceeds of KRW 2,000,000,400 on August 21, 2023. The transaction will include participation from new investor, Medicare Bio Co., Ltd. The transaction has been approved by the shareholders of the company. The transaction is expected to close on November 21, 2023.

The shares are allotted through third-party allotment paid-in capital increase method.