ENPLUS Co., Ltd. announced a private placement to issue Series 30 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on February 16, 2024. The transaction will include participation from new investors Sangsangin Savings Bank and Sangsangin Plus Savings Bank Co.,Ltd. for KRW 5,000,000,000 each. The transaction has been approved by the shareholders of the company and is expected to close on February 27, 2024.

The bonds are 100% convertible into 2,812,939 shares at a fixed conversion price of KRW 3,555 from February 27, 2025 to January 26, 2027. The bonds bear 3% coupon rate and 8% maturity rate and matures on February 27, 2027. The securities are restricted to a hold period.