Humax Co., Ltd. announced a private placement of 18th series unsecured private convertible bonds for gross proceeds of KRW 20,000,000,000 on December 12, 2022. The bond carry coupon rate of 3% and have yield to maturity of 5%. The bonds will mature on December 14, 2025.

The bonds will be 100% convertible into 2,312,138 common shares of the company, representing 5.26% of the total number of shares at a fixed conversion price of KRW 8,650 per share. The conversion period is from June 14, 2024 to November 14, 2025. The transaction has a subscription date of December 14, 2022 and payment date of December 14, 2022.

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