Organic Tea Cosmetics Holdings Company Limited announced a private placement to issue 100,000,000 common shares at an issue price of KRW 135 per share for the gross proceeds of KRW 13,500,000,000 on June 16, 2024. The transaction will include participation from individual investors LIN GUOQIANG 39,000,000 shares, LI GUOLI 31,000,000 shares and WANG XINGHUA 30,000,000 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 25, 2024.