C&G Hi Tech Co.,Ltd announced a private placement of round one non-guaranteed private equity convertible bonds KRW 20,000,000,000 on July 27, 2021. The transaction will include participation from Daishin-Caliber New Technology Fund No. 1. The bonds will be issued at par value. The bonds carry 0% surface interest rate and maturity rate. The bonds will mature on July 30, 2026. The bonds are 100% convertible into 1,418,540 common shares at a price of KRW 14,099 per share from July 30, 2022 to June 30, 2026. The bonds carry a hold period of one year. The transaction has been approved by board of directors of the company. The payment date is July 30, 2021.