PHC Co.,Ltd. announced a private placement of 7,000,000 common shares at a price of KRW 500 per share for the gross proceeds of KRW 3,500,000,000 on April 26, 2024. The transaction will include participation from new investor Mono Fund. The transaction has been approved by the shareholders of the company and is expected to close on May 7, 2024.

The shares are restricted to a hold period of 1 year.