ENPLUS Co., Ltd. announced a private placement of series 23 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000,series 22 unguaranteed private convertible bond for proceeds of KRW 8,000,000,000, series 24 unregistered coupon unguaranteed private convertible bond for proceeds of KRW 7,000,000,000, series 25 unregistered coupon unguaranteed private convertible bond for proceeds of KRW 7,000,000,000 and series 26 unregistered coupon unguaranteed private convertible bond for proceeds of KRW 8,000,000,000; for aggregate gross proceeds of KRW 32,600,000,000 on October 6, 2022. The transaction will include participation from Eevee Development Fund 1, EV Development Fund 2, Samda Mandarin Agriculture Association Corporation for series 24 bonds, Cholocwon Co., Ltd. for series 25 bonds and Terra Asset Co.,Ltd. for series 26 bonds. The series 22 bonds will bear interest rate of 2% and yield to maturity of 4%.

The series 22 bonds will mature on November 09, 2025. The bonds will be fully convertible into common shares at a fixed conversion price of KRW 3,870. The series 23 bonds will bear coupon rate of 2% and yield to maturity of 4%.

The bonds will mature on November 9, 2025. The bonds will be fully convertible into 1,291,990 common shares at a fixed conversion price of KRW 3,870 between the period of November 9, 2023 to October 8, 2025. The payment date for bonds is November 9, 2022.

The bonds will bear interest rate of 2% and yield to maturity of 4%. The series 24 bonds will mature on December 2, 2025, series 25 bonds will mature on December 7, 2025, and series 26 bonds will mature on December 9, 2025. The bonds will be fully convertible into common shares at a fixed conversion price of KRW 3,870.

The series 24 bonds will be convertible into 1,808,786 common shares between the period of December 2, 2023 to November 1, 2025, series 25 bonds will be convertible into 1,808,786 common shares between the period of December 7, 2023 to November 6, 2025, and series 26 bonds will be convertible into 2,067,183 common shares between the period of December 9, 2023 to November 8, 2025. The payment date for series 24 bonds is December 2, 2022, series 25 bonds is December 7, 2022, and for series 26 bonds is December 9, 2022. The transaction has been approved by the shareholders of the company.