Iljin Display Co., Ltd. announced a private placement of Series 19 unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on January 16, 2023. The transaction will include participation from returning investor, ILJIN SNT Co., Ltd. The coupon rate of the bonds is 0% and the maturity rate of the bonds is 7%. The maturity date of the bonds is January 18, 2026.

The transaction is expected to close on January 18, 2023. The transaction has been approved by the board of directors of the company.