Humax Co., Ltd. announced a private placement of 19th series unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 13,000,000,000 on March 10, 2023. The bond carry coupon rate of 1% and have yield to maturity of 3%. The bonds will mature on March 14, 2028.

The bonds will be 100% convertible into 3,228,209 common shares of the company, representing 7.35% of the total number of shares at a fixed conversion price of KRW 4,027 per share. The conversion period is from March 14, 2024 to February 14, 2028. The transaction has a subscription date and payment date on March 14, 2023.

The transaction has been approved by the board of directors of the company.