DT&CRO CO., Ltd. announced that it expects to receive KRW 16 billion in funding from a group of investors

DT&CRO CO., Ltd. announced a private placement to issue Series 1 Bearer-type, Non-Coupon-Bearing, Non-Guaranteed Private Placement Convertible Bonds for the gross proceeds of KRW 16,000,000,000 on February 20, 2024. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. for KRW 1,700,000,000, NH Investment & Securities Co., Ltd. for KRW 600,000,000, NH Investment & Securities Co., Ltd. for KRW 200,000,000, NH Investment & Securities Co., Ltd. for KRW 500,000,000, NH Investment & Securities Co., Ltd. (In this case, in the position of a trustee of Fund 5) for KRW 600,000,000, NH Investment & Securities Co., Ltd. (In the position of a trustee of Fund 6) for KRW 900,000,000, Samsung Securities Co., Ltd. (In this case, in the position of a trustee of Fund 7) for KRW 500,000,000, KB Securities Co., Ltd. (In this case, in the position of Fund 8 as a trust business) for KRW 1,500,000,000, KB Securities Co., Ltd. (In this case, in the position of a trustee of Fund 9) for KRW 500,000,000, KB Securities Co., Ltd. (In the position of a trustee of Fund 10) for KRW 150,000,000, KB Securities Co., Ltd. (In this case, in the position of a trustee of Fund 11) for KRW 100,000,000, KB Securities Co., Ltd. (In this case, in the position of a trustee of Fund 12) for KRW 100,000,000, KB Securities Co., Ltd. (In this case, in the position of a trustee of Fund 13) for KRW 200,000,000, KB Securities Co., Ltd. (In this case, in the position of a trustee of Fund 14) for KRW 250,000,000, Mirae Asset Securities Co., Ltd. (In this case, in the position of a trustee of Fund 15) for KRW 400,000,000, Mirae Asset Securities Co., Ltd. (In this case, in the position of a trustee of Fund 16) for KRW 300,000,000, Samsung Securities Co., Ltd. (In this case, in the position of a trustee of Fund 17) for KRW 1,500,000,000, Hana Bank Co., Ltd. (In this case, in the position of a trustee of Fund 18) for KRW 1,500,000,000, NH Investment & Securities Co., Ltd. (In this case, in the position of a trustee of Fund 19) for KRW 400,000,000, NH Investment & Securities Co., Ltd. (In this case, in the position of a trustee of Fund 20) for KRW 500,000,000, NH Investment & Securities Co., Ltd. (In this case, in the position of Fund 21 as a trust business) for KRW 600,000,000, Korea Investment & Securities Co., Ltd. (In the case of Fund 22 as a trust business) for KRW 1,000,000,000 and Shinhan Investment & Securities Co., Ltd. 2000,000,000. The bonds are 100% convertible into 1,525,116 shares at a fixed conversion price of KRW 10,491 from February 22, 2025 to January 22, 2029.

The transaction has been approved by the shareholders of the company and is expected to close o February 22, 2024. The bonds bear zero coupon rate and zero maturity rate and matures on February 22, 2029. The securities are restricted to a hold period of 1 year.