Daehan Green Power Corporation announced a private placement of 32nd series coupon non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on August 8, 2022. The bonds will bear 2% fixed coupon rate, 6% yield to maturity rate, and will mature on October 31, 2025. The bonds can be 100% converted into 13,192,612 common shares at a fixed conversion price of KRW 758 per share.

The conversion period is from October 31, 2023 to September 30, 2025. The transaction has been approved by the board of directors of the company. The payment date is October 31, 2022.

All the securities issued in the transaction will be subject to a hold period of 1 year.