LOTTE-Nestle (Korea) Co. Ltd. announced a private placement of 77,185 common shares at an issue price of KRW 442,863 per share for gross proceeds of KRW 34,182,380,655 on May 27, 2021. The transaction will include participation from returning investor Lotte Food Co.,Ltd. (KOSE:A002270). The company will issue shares through third party allocation method. The company will pay difference amount in cash to investor due to fractional shares. The transaction has been approved by the board of directors of the company.