Sweetmeal Co. Ltd. announced a private placement of 5,000,000 common shares at an issue price of KRW 500 per share for gross proceeds of KRW 2,500,000,000 on March 19, 2021. The subscription date is March 22, 2021. The transaction is expected to close on March 22, 2021. The transaction has been approved by the board of directors. The company will issue shares through priority allocation method to former shareholders.