FunPep Company Limited announced that it has entered into an option agreement with returning investor Shionogi & Co., Ltd. who holds holding 1,095,200 shares to issue 1,587,300 common shares at an issue price of ¥126 per share for the gross proceeds of ¥197,499,800 on March 4, 2024. The transaction has been approved by the shareholders of the company and is expected to close on March 21, 2024. The company has disclosed the issue expenses of ¥2,500,000 and the net proceeds of ¥197,499,800.