EMnI Co., Ltd. announced a private placement to issue series 13 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 9,300,000,000 and series 14 Non-guaranteed privately placed debentures with warrants with bearer interest for the gross proceeds of KRW 6,000,000,000 on March 28, 2023. The transaction will include participation from Logintelomere Co., Ltd. and H-Link Co., Ltd. The bonds carry coupon rate of 1% and yield to maturity of 1% and will mature on May 31, 2026. The bonds are 100% convertible into 2,289,512 common shares at a conversion price of KRW 4,062 per share. The conversion period will start from May 31, 2024 and ends on April 30, 2026. The securities issued in the transaction have a hold period of one year from the date of issuance. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 31, 2023.

For Series 14 debentures - the debentures carry coupon rate of 1% and yield to maturity of 1% and will mature on May 31, 2026. The bonds are 100% convertible into 1,477,104 common shares at a conversion price of KRW 4,062 per share. The conversion period will start from May 31, 2024 and ends on April 30, 2026. The securities issued in the transaction have a hold period of one year from the date of issuance. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 31, 2023.