SillaJen, Inc. announced a private placement of 12,500,000 common shares at a price of KRW 3,200 per share for gross proceeds of KRW 40,000,000,000 on July 14, 2021. The company is raising funding through third party allocation increase method. The transaction will include participation from New SillaJen Investment Association No. 1. The payment date is August 31, 2021. The transaction has been approved by the board of directors of the company. All securities issued will be subject to a hold period of one year.