PHC Co.,Ltd. announced a private placement to issue 14,000,000 common shares at an issue price of KRW 500 per share for the gross proceeds of KRW 7,000,000,000 on March 12, 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 April 5, 2024.

The securities are restricted to a hold period.