H&S Hightech Corp. (XKON:A044990) announced a private placement of series 2 non-guaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 on March 8, 2021. The transaction will include participation from a to be established new investor GB-Hanyang New Material Fund No.1. The bonds bear zero coupon rate and fixed interest rate of 2%. The maturity date of bonds is March 30, 2026. The bonds are 100% convertible into 497,512 common shares at a conversion price of KRW 10,050 per share. The conversion period start date is March 30, 2022 and end date is February 28, 2026. The subscription date of bonds is March 10, 2021. The transaction has been approved by the company's board of directors. The payment date is March 30, 2021.