Ecopro BM. Co., Ltd. announced a private placement to issue 5th Bearer Type Interest Part Non-Guaranteed Private Placement Convertible Bonds for the gross proceeds of KRW 440,000,000,000 on June 30, 2023. The transaction will include participation from new investors SKS Joint Investment 2021 Private Equity Joint Venture Company, NH Woori Newdeal Growth Alpha Private Equity Fund 1 Co., Ltd, a fund managed by Woori Private Equity Asset Management Company, Ltd., SkyEco Inc., IMM ESG 4th Limited Inc., Shinhan Mezzanine New Technology Fund 2, Eum Next Stage Fund 1-1 and Keystone Small and Medium Growth Private Equity Joint Stock Company.

The bond bears zero coupon rate, 2% yield to maturity, matures in July 24, 2028 and 100% convertible into 1,600,000 common shares at a fixed conversion price of KRW 275,000 from July 24, 2024 to July 24, 2028. The transaction is expected to closing on July 24, 2023. The transaction has been approved by the board of directors of the company.