Daesung Industrial Co., Ltd. announced a private placement of 76th unregistered unguaranteed private exchangeable bonds for gross proceeds of KRW 10,000,000,000 on May 3, 2022. The transaction will include participation from Shinhan Mezzanine New Technology Fund No. 1 for KRW 10,000,000,000.

The bonds will mature on May 06, 2027. The bonds are zero-coupon and carry yield to maturity of 1%. The bonds will be 100% exchangeable into the common shares at KRW 6,152 per share.

The exchange requisition period will start on May 09, 2022 and end on April 06, 2027. The subscription and payment date is May 6, 2022. The transaction was approved by board of directors of the company.

The securities are subject to restriction period of one year.