IL CO.,LTD. announced a private placement of Series 8 Zero Coupon Bearer-type, Unsecured Convertible Bonds to raise gross proceeds of KRW 17,200,000,000 on May 29, 2026. The transaction involves participation from new investor V-One Multi-Strategy No. 1 PEF for KRW 200,000,000, JB Woori Capital Co., Ltd. for KRW 2,000,000,000, KB Securities Co.,Ltd for KRW 2,750,000,000, Korea Investment & Securities Co., Ltd. for KRW 600,000,000 and returning investor NH Investment & Securities Co., Ltd. for KRW 4,700,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,700,000,000 and Samsung Securities Co.,Ltd. for KRW 3,650,000,000.

The Bonds are 100% convertible into 2,031,416 Common Shares of the company at a conversion value of KRW 8,467 and the conversion billing period will start from June 8, 2027 till May 8, 2031. The Bonds carry zero coupon and no maturity interest rate and has a maturity date of June 8, 2031. The transaction has been approved by the Board of Directors.

The securities being issued are on a hold period for 1 year. The transaction is expected to close on June 8, 2026.