CUROHOLDINGS Co., Ltd announced a private placement of series 17 non-guaranteed private equity convertible bonds with bearer ID for gross proceeds of KRW 10,000,000,000 on March 24, 2022. The transaction will include participation from Synergy ESG1 Self-Protection Technology Fund. The surface interest rate of the bonds is 1% and maturity rate is 5%.

The maturity date of the bonds is April 15, 2026. The bonds are redeemable. The bonds are fully convertible at a fixed conversion price of KRW 625 per share into 16,000,000 common shares from April 15, 2023 to March 15, 2026.

The transaction was approved by the board of directors of the company. The subscription date of the transaction is March 28, 2022 and the payment date is April 15, 2022. The securities issued in the transaction are subject to a lock up period of one year.