Jochu Technology Co., Ltd. announced a private placement of not more than 50,000 common shares on April 15, 2022. The price of the share shall not be less than 80% of the higher of the average closing price of the company's common shares for one, three, or five business days immediately preceding its price determination date, and average closing price for the thirty business days immediately preceding its price determination date. The securities are issued subject to lock in period of three years from the issuance.

The transaction has been approved by the board of directors of the company and is subject to shareholders approval.