Playgram Co., Ltd. announced a private placement of 14,545,454 common shares at the price of KRW 825 per common share for gross proceeds of KRW 11,999,999,550 on October 24, 2022. The transaction will include participation from Tricon No.1 Investment Association for 12,121,212 shares and individual investor, Kim, Jae-wook for 2,424,242 shares through third party allocation method. The shares will be locked up for a period of one month.

The payment date for the transaction is November 11, 2022. The transaction has been approved by the board of directors of the company.