Jokwang ILI Co., Ltd. announced a private placement of 428,922 common shares at an issue price of KRW 8,160 for gross proceeds of KRW 3,500,003,520 on May 9, 2022. The transaction will include participation from retuning investor Jokwang Ventures Co., Ltd. The subscription and payment date are July 8, 2022. The transaction has been approved by board of directors of the company.