MEDIZEN HUMANCARE Inc. announced a private placement of 71,428 convertible preferred share at a price of KRW 14,000 per share for gross proceeds of KRW 999,992,000 on December 10, 2021. The transaction will include participation from H.I Glonet Co., Ltd for 71,428 convertible preferred shares. The shares will be issued through third party allotment method. The redemption period will start from December 21, 2024 and will end on December 19, 2031. The preferred shares will be convertible into 71,428 shares of the company. The payment date is December 20, 2021. The transaction has been approved by the board of directors of the company.