HYUNGJI INNOVATION & CREATIVE Co.,Ltd announced a private placement of series 8 non-guaranteed privately placed convertible bonds for the gross proceeds of KRW 4,200,000,000 on August 8, 2023. The transaction has been approved by the shareholders of the company. The transaction will include participation from new investor, Eugene Investment & Securities Co.,Ltd. The transaction is expected to close on August 10, 2023.