YEST Co., Ltd. announced a private placement of Series 6 Unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 35,000,000,000 on April 17, 2023. The transaction included participation from new investors Eugene Savings Bank Co., Ltd, Hana Securities Co., Ltd., EBEST Investment & Securities Co., Ltd., DB Financial Investment Co., Ltd. for KRW 1000,000,000 by each, Shinhan Investment & Securities Co., Ltd. for KRW 2,000,000,000 and other investors. The bonds will carry 0% coupon rate, 5% yield to maturity rate, will mature on Apr 19, 2028 and will be 100% convertible into 3,434,402 common shares of the company at a fixed conversion price of KRW 10,191 per share from April 19, 2024 to March 19, 2028.

The transaction has been approved by the board of directors of the company. The payment date is on April 19, 2023. The securities issued are caring hold period of one year.