Creas F&C Co.,Ltd announced a private placement of series one unregistered non-guaranteed convertible bond for gross proceeds of KRW 20,000,000,000 and series 2nd unregistered nonguaranteed private exchange bond for proceeds of KRW 10,000,000,000, aggregate of KRW 30,000,000,000 on October 29, 2021. The transaction will include participation from Kiwoom Creas 2nd Private Equity Fund for series one and two bonds. The transaction has been approved by the board of directors of the company.

The series one bonds will be issued at a zero coupon and maturity rate and will mature on November 19, 2026. The series one bonds will be convertible into 451,977 shares at a conversion price of KRW 44,250 between conversion period starting from November 19, 2022 to October 19, 2026. The subscription date of the series one bond transaction is November 1, 2021 and payment date is November 19, 2021.

The series one bonds will be subject to a one year hold period.