Fine DNC Co., Ltd. announced a private placement of series 8 unregistered coupon unguaranteed private convertible bonds for the gross proceeds of KRW 5,000,000,000 on April 26, 2023. The transaction will include participation from returning investor Eugene Investment & Securities Co.,Ltd. The bonds carry a coupon rate of 0% and maturity rate of 3% and will mature on April 28, 2028. The bonds are fully convertible into 3,030,303 common shares at a conversion price of KRW 1,650 per share from April 28, 2024 to March 28, 2028.

The transaction has been approved by the shareholders of the company. The transaction is expected to close on April 28, 2023.