Light Farm Tech Co., Ltd. announced a private placement of 133,333 common stock at a price of KRW 15,000 per share for gross proceeds of KRW 1,999,995,000 on July 22, 2022.The shares to be issued have a par value of KRW 500 per share. The transaction will include participation from new investor Seoulin Bioscience Co.,Ltd. for 91,334 shares, Nam Joong Kim 33,333 shares, Hwang Eul Moon for 2,000 shares, Mi Ok Kang for 3,333 shares, and Chan Woo Nam for 3,333 shares. The transaction will be completed through third-party allotment.

The payment date is on August 8, 2022.