On December 18, 2020, Sincetimes Co., Ltd. (KOSDAQ:A056000) closed the transaction. The series 2 bonds will mature on December 18, 2023. The series 2 bonds are 100% convertible into 2,000,784 common shares at a conversion price of KRW 2,549 per share. The series 2 bonds are convertible from December 18, 2021 to November 18, 2023.