JangWonTech Co., Ltd. (KOSDAQ:A174880) announced that it will issue series 42 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000, and series 43 non-guaranteed private exchange bonds with bearer interest; for aggregate gross proceeds of KRW 20,000,000,000 on April 21, 2021. The transaction will include participation from Fund 1 for KRW 450,000,000, Fund 2 for KRW 825,000,000, Fund 3 for KRW 1,275,000,000, Fund 4 for KRW 1,350,000,000, Fund 5 for KRW 825,000,000, Fund 6 for KRW 1,275,000,000, Fund 7 for KRW 500,000,000, Fund 8 for KRW 500,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 2,000,000,000, and Shinhan Financial Investment Co., Ltd. for KRW 1,000,000,000 for series 42 non-guaranteed private convertible bonds with bearer interest, Rhinos Plain Vanilla Specialized Private Equity Investment Trust No.

3 for KRW 150,000,000, Rhinos Mezzanine Specialized Private Equity Investment Trust No. 7 for KRW 275,000,000, Rhinos Mezzanine Specialized Private Equity Investment Trust No. 8 for KRW 425,000,000, Rhinos KOSDAQ Venture Mezzanine Professional Investment Type Private Equity Investment Trust No.

3 for KRW 450,000,000, Rhinos Mezzanine Specialized Investment Type Private Fund for KRW 275,000,000, Rhinos K-Bio Mezzanine Specialized Private Equity Investment Trust No. 2 for KRW 425,000,000, GV Fortress-A Professional Investment Private Equity Investment Trust for KRW 2,000,000,000, SP KOSDAQ Venture Specialized Private Equity Investment Trust No. 3 for KRW 2,000,000,000, Orion Mezzanine Multi-Strategy Specialized Private Equity Investment Trust No.

1 for KRW 1,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 2,000,000,000, and Shinhan Financial Investment Co., Ltd. for KRW 1,000,000,000 for series 43 non-guaranteed private exchange bonds with bearer interest. The bonds are redeemable, will bear zero interest rate, zero yield to maturity rate, mature on April 23, 2026.

The series 42 non-guaranteed private convertible bonds with bearer interest are convertible into 926,784 common shares, representing 4.3% stake in the company, at a fixed conversion price of KRW 10,790 per share from April 23, 2022 to March 23, 2026. The series 43 non-guaranteed private exchange bonds with bearer interest are convertible into 805,931 common shares, representing 3.7% stake in the company, at a fixed conversion price of KRW 12,408 per share from April 28, 2021 to March 23, 2026. The transaction has been approved by board of directors of the company and is expected to close on April 23, 2021.