Firsf Agricultural Co.,Ltd announced that it will issue 4,555,556 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 22,777,780,000 on July 19, 2023. The transaction will include participation from returning investor, GS Retail Co., Ltd. for 4,100,000 shares and its stake to increase from 90% to 97.68% in the company and other investors.