Sunjin Farm Co., Ltd. announced a private placement of 200,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 1,000,000,000 on May 16, 2022. The transaction will include participation from returning investor Sunjin Co.,Ltd. The subscription and payment date of the transaction is May 23, 2022. The transaction has been approved by the board of directors of the company.

The transaction will be raised via shareholder allocation increase.