SAMYUNG ENC Co., Ltd. announced a private placement of 2nd Series Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 20,000,000,000 on March 11, 2022. The transaction will include participation from NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Shinhan Bank, Korea Value Asset Management Co., Ltd., Shinhan Financial Investment Co., Ltd., Mirae Asset Securities Co., Ltd., Hanyang Securities Co. Ltd. The bonds does not have any coupon rate.

The bonds will mature on March 16, 2027. The bonds will be fully convertible into 2,715,546 shares of the company at a fixed conversion price of KRW 7,365 per share between the period of March 16, 2023 to February 16, 2027. The transaction has been approved by the board of directors of the company.

The payment date is March 16, 2022.