Jayjun Cosmetic Co., Ltd. announced a private placement of 630,040 shares at an issue price of KRW 7,936 for a gross proceeds of KRW 4,999,997,440 on February 21, 2023. The transaction will include participation from returning investor, IokCompany Co., Ltd. for 630,040 shares for 17.92% stake post completion of the transaction. The company issued shares through third party allocation method.

The transaction is expected to close on March 8, 2023. The transaction has been approved by the board of directors of the company.