Castelbajac Co., Ltd. announced a private placement to issue Series 6 Bearer Interest Unsecured Private Placement Rights Subordinate Bonds for the gross proceeds of KRW 3,000,000,000 on March 25, 2024. The transaction will include participation from returning lender, Sangsangin Plus Savings Bank Co.,Ltd. for KRW 1,500,000,000 and Sangsangin Savings Bank for KRW 1,500,000,000. The bonds carry coupon rate of 2% and maturity rate of 5% and will mature on March 28, 2027.

The bonds are fully exercised into 689,496 common shares at a stock price of KRW 4,351 per share from March 28, 2025 to February 28, 2027. The transaction is expected to close on March 28, 2024. The transaction has been approved by the board of directors of the company.