Organic Tea Cosmetics Holdings Company Limited announced a private placement to issue 100,000,000 common shares at an issue price of KRW 102 per share for the gross proceeds of KRW 10,200,000,000 on July 8, 2024. The transaction will include participation from individual investors CHEN YUXIANG 35,000,000 shares, ZHANG XIAOYING 32,500,000 shares and LEAD TINGTING 32,500,000 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 16, 2024.