Excello Equine R&D Center LLC announced a private placement of 3,000 shares at an issue price of KRW 1,000,000 per share for proceeds of KRW 3,000,000,000 on August 9, 2023. The transaction will include participation from returning investor Harim Holdings Co., Ltd. The transaction has been approved by the board of directors of the company. The securities will be issued pursuant to Shareholder allocation increase method.