Ewon Comfortech Co., Ltd. announced a private placement of round 6 unregistered coupon non-guaranteed private convertible bonds for the gross proceeds of KRW 15,000,000,000 and 5th bearer type interest part no guarantee private convertible bond for KRW 11,000,000,000; for aggregate of KRW 26,000,000,000 on December 21, 2021. The transaction will include participation from Pume Asset Management Co.,Ltd. for 6th series bonds and Unicell Pharm Co. Ltd for KRW 1,500,000,000, Mystic Partners, LLC for KRW 500,000,000, Ewon Bio No.1 Fund for KRW 3,000,000,000, Ewon Bio No.2 Fund for KRW 3,000,000,000, Hyowon Sangjo Mutual Co., Ltd. for KRW 1,500,000,000, Jeong-ju Kim for KRW 1,000,000,000, Ray Partners for CNY 500,000,000 for series 5 bonds.

The 6th series bonds will mature on January 25, 2025 and Jan 07, 2025 for series 5 bonds. The 6th series bonds carry a coupon rate of 2% and interest rate to maturity 5%. The 6th series bonds are fully convertible into 1,842,751 shares each at a price of KRW 8,140 per share representing 8.14% stake in the company and the conversion period is from January 25, 2023 till January 24, 2025.

The series 5 bonds are fully convertible into 1,351,351 shares at a price of KRW 8,140 per share for 5.97% stake from January 07, 2023 to January 06, 2025. The transaction has been approved by board of directors of the company. The date of payment date is January 25, 2022 for 6th series bond and is January 7, 2021 for 5th series bond.

The subscription date is December 21, 2021. The securities carry a hold period of one year from the date of issuance.