Haesung Optics Co., Ltd. announced a private placement of 9 bearer unsecured convertible bonds for the gross proceeds of KRW 6,000,000,000 on March 30, 2023. The bonds are 100% convertible into 11,090,573 common shares at a conversion price of KRW 541. The transaction will include participation from E-Space Investech Co.,Ltd. The bonds will be matured on the debt maturity date that is, April 3, 2026.

The transaction has been approved by the shareholder's of the company and is expected to close on April 3, 2023.