ezCaretech Co., LTD announced a private placement of 448,776 common shares at an issue price of KRW 22,060 for gross proceeds of KRW 9,899,998,560 on January 18, 2023. The transaction will include participation from Kakao Healthcare Co., Ltd. for 448,776 shares. The securities have a lock-up period of one year.

The method of capital increase will be through third party allocation. The transaction has been approved by board of directors of the company. The expected date of payment is February 9, 2023.