Hanchang Biotech Co., Ltd. announced a private placement of not more than 6,201,550 shares at a price of KRW 1,935 per share for the gross proceeds of KRW 11,999,999,250. The transaction included participation from returning investor Jeonheung CNC Co., Ltd. The company is issuing shares through third-party allocation. The expected payment date is September 15, 2022. The company has issued the shares at 10% discount rate. The board has been approved on August 4, 2022.