Megacos Co.,Ltd announced a private placement of 20,000 common shares at a price of KRW 350,000 for gross proceeds of KRW 7,000,000,000 on November 23, 2018. The transaction included participation from existing investor, TONYMOLY Co.,Ltd.( KOSE:A214420). The number of new shares allocated per one existing share is 0.16. The total number of shares outstanding increased from 125,000 to 145,000. The transaction has been approved by the board of directors of investor. The transaction is expected to close on or about November 26, 2018.