Daiyang Metal Co., Ltd announced that it will issue series 19 domestic bearer type interest part no guarantee private placement convertible bond for gross proceeds of KRW 8,000,000,000 on July 9, 2021. The bonds will bear surface interest rate of 0% per annum and maturity rate of 3% per annum. The bonds will mature on July 12, 2024.

The bonds are fully convertible into 1,414,177 common shares representing 4.44% stake at a fixed conversion price of KRW 5,657 per share from July 12, 2022 to June 12, 2024. The date of subscription is July 12, 2021 and expected date of payment is July 12, 2021. The transaction is approved by the board of directors of the company.

The transaction included participation from Eugene Investment & Securities Co Ltd for KRW 3,300,000,000, Hands Partners Co., Ltd. for KRW 2,200,000,000, BFA Co., Ltd. for KRW 1,500,000,000, and Focus Mezzanine Alpha Private Equity Trust No. 1, a fund managed by Focus Asset Management for KRW 200,000,000, Focus Glory Mezzanine Professional Investment Private Equity Trust No. 1, a fund managed by Focus Asset Management for KRW 300,000,000, Focus SY Fortress KOSDAQ Venture Specialized Investment Private Equity Trust No.

1, a fund managed by Focus Asset Management for KRW 200,000,000, Focus M KOSDAQ Venture Professional Investment Private Equity Trust No. 1, , a fund managed by Focus Asset Management for KRW 200,000,000 and Focus N Mezzanine KOSDAQ Venture Private Equity Trust No. 1, a fund managed by Focus Asset Management for KRW 100,000,000.

The securities are subjected to one year hold period.