JB Eleven Co., Ltd. announced a private placement of 100,000 common shares at an issue price of Ñ641.7 per share and 6th stock acquisition rights of 14,500 units at Ñ855 per stock acquisition right for a total gross proceeds of Ñ76.5675 million on November 21, 2022. The transaction will include participation from Long Corridor Asset Management Limited of 80,000 common shares and 11,600 stock acquisition units and LMA SPC - MAP 246 Segregated Portfolio of 20,000 common shares and 2,900 stock acquisition units. Each stock acquisition right is exercisable into 100 common share at a price of Ñ770 and will receive proceeds of Ñ1,128,897,500 on post exercise of stock acquisition rights.

The stock acquisition rights are issued through a third party allotment method. Exercise period of stock acquisition rights From December 8, 2022 to December 6, 2024. The transaction has been approved by the board of directors of the company.