Charmzone Global Co., Ltd. announced a private placement of series 12 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 2,000,000,000 on August 11, 2021. The transaction included participation from JD Holding Co.Ltd. The bonds will carry a coupon rate of 0% and have a maturity rate of 4% and maturity date of August 11, 2024. The bonds are fully convertible at a price of KRW 1,500 per share for 1,333,333 shares and 2.80% stake in the company. The conversion start date is August 11, 2022 and ends on July 11, 2024. The bonds will have a hold period of one year, post the closing.