MEDICOX Co., Ltd. announced that it will issue 520,290 common shares of par value, KRW 500 at a price of KRW 1,922 per share for gross proceeds of KRW 999,997,380 on January 27, 2023. The transaction will include participation from returning investor Nowinvestment. Co.

Ltd, and Cereal Co., Ltd for 260,145 shares each. The company will issue shares through third party allocation increase. The payment date for shares is February 28, 2023.

The transaction has been approved by board of directors of the company. The total number of shares issued prior to transaction are 25,547,329 shares.