CBI Co., Ltd. announced a private placement of 4,708,097 common shares at the price of KRW 2,124 per share for gross proceeds of KRW 9,999,998,028 on June 15, 2023. The transaction will include participation from Totara System Co.,Ltd for 4,708,097 shares. The capital increase will be done through third party allocation.

The shares have a hold period of one year. The transaction has been approved by board of directors of the company. The transaction is expected to closing on July 31, 2023.