DIOSTECH Co.,Ltd (KOSDAQ:A196450) announced a private placement of 2,941,176 common shares of par value KRW 200 at a price of KRW 459 per share for gross proceeds of KRW 1,349,999,784 on May 12, 2020. The transaction will include participation from returning investor Dios Holdings Co., Ltd. The transaction has been approved by the board of directors of the company. The share are being issued through a third party allotment and are being issued at premium. Prior to the transaction, the total number of issued shares are 141,059,793 shares. The payment date for shares is May 20, 2020. The shares are subject to a lock-up period of 1 year.