Hana Technology Co., Ltd. announced a private placement that it will issue Series 3 Bearer Type Interest Free Unsecured Private Placement Convertible Bonds Due April 30, 2029 for the gross proceeds of KRW 60,000,000,000 on April 26, 2024. The bonds will be 100% convertible into 1,096,431 shares at a conversion price of KRW 54,723 in a conversion period starting from April 30, 2025 and ending on March 30, 2029. The bonds have a 0% interest rate and will mature on April 30, 2029.

The transaction is expected to close on April 30, 2024. The transaction has been approved by the board of directors of the company.