ENERGY&MACHINERY KOREA Co.,Ltd. announced a private placement of Series 5 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 27,000,000,000 on June 14, 2023. The transaction will include participation from new investors, KB Securities Co., Ltd., KB-Suseong No. 1 New Technology Business Investment Association, NH Investment & Securities Co., Ltd., Samsung Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., CS Advisors Co., Ltd., Shinhan Investment & Securities Co., Ltd. and Korea Investment & Securities Co., Ltd. The coupon rate and yield to maturity rate is 0%.

The bonds will be converted from June 16, 2024 to May 16, 2028. The maturity date of bonds is June 16, 2028. The transaction has been approved by the board of directors.

The transaction is expected to close on June 16, 2023.